Sunday, February 8, 2015
Global Oil : Joshua Mosshart Energy Demand and Recovery
Global Oil : Joshua Mosshart Energy Demand and Recovery: The supply and use of energy have powerful economic, social and environmental impacts. Establishment of energy infrastructure in the least...
Joshua Mosshart Energy Demand and Recovery
If the unconventional oil resources, including oil shale, oil sands, extra heavy oil and natural bitumen are taken into account, the global oil reserves will be four times larger than the current conventional reserves.
Demand for energy will continue to grow for decades to come.
Population increases and a growing rate of electrification will place huge requirements on energy supplies. Global primary energy demand could increase by 50% by the middle of the century.
The total energy demand in China alone is expected to double by 2035, and that of India to increase by almost 150% during the same period. Both countries are expected to dominate the energy demand in the near future.
The leading world economies are powered by coal: about 40% of electricity in the United States and 79% of the electricity in China is generated in coal fired thermal plants.
Despite unbroken growth in consumption, reserves of hydrocarbons have continued to increase over the last 20 years.
The size of trapped oil is staggering.
There is currently an estimated 6.1 Trillion Barrels of oil still trapped in the ground.
Recovering just 1% of the trapped oil market would be 61 billion barrels of oil.
There is currently new innovations in oil recovery technology that is the answer to our future energy security.
My favorite is Titan Oil Recovery
Joshua Mosshart Bio
Source: World Energy Council
Saturday, February 7, 2015
Global Oil : Joshua Mosshart on Singapore Oil Trade
Global Oil : Joshua Mosshart on Singapore Oil Trade: Singapore Almost 90% of Singapore's primary energy con...
Joshua Mosshart on Singapore Oil Trade
Singapore
Almost 90% of Singapore's primary energy consumption comes from petroleum use, mostly for refining.
Access to the sea and a strategic location between the Indian and Pacific Oceans enabled Singapore to become one of Asia's main energy and petrochemicals hubs and one of the world's top-three oil trading and refining centers.
Singapore has world-class refining, storage and distribution infrastructure. Singapore has no oil reserves and imports all of its crude oil.
Singapore has liberal foreign investment laws, and companies receive tax breaks for investing in the petrochemical sector.
Oil from United Arab Emirates, Saudi Arabia, and Qatar accounts for over 50% of Singapore's crude imports.
The refining and petrochemical industry is critical to Singapore's economy.
The Singapore Government published The National Energy Policy Report. The report contains the energy framework for the economies objectives for economic competitiveness, energy stability and economic stability.
Key Energy Strategies
Strategy 1: Promote Competitive Markets
Strategy 2: Diversify Energy Supplies
Strategy 3: Improve Energy Efficiency
Strategy 4: Build Energy Industry and Invest in Energy R & D
Strategy 5: Set Up International Cooperation
Strategy 6: Develop Whole-of-Government Approach To Energy Policy
CONCLUSION
By Singapore keeping a strategic focus on their R&D initiatives, they will be able to generate the most impact from the limited
resources.
The development of clean energy technologies and sustainable energy solutions will not only help to improve Singapore’s own urban environment but also position them favourably to capture the new economic opportunities that are emerging.
By leveraging their existing strengths, building new capabilities in clean energy and integrating these technologies at a systems level, Singapore's aim is to develop unique energy applications for themselves, the region and beyond.
Source: Ministry of Trade and Industry Singapore
Joshua Mosshart Bio
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