Oil Industrialists Expect Renewables To Win

A Timely Oily Death

Renewable resources will overtake oil, gas and coal as the world’s prevailing sources of energy, according to a recent international energy survey. The Maxwell Drummond International Energy Survey 2011, bases its conclusions on responses from business leaders within major oil and gas companies in Europe, the US, Canada, Asia, Africa, Australasia and the Middle East.  It found that a vast majority of the energy sector, across all technologies, expects renewable energy to take precedence over other forms of energy in the coming decade.

The 2011 survey showed more than 90 per cent of respondents believed that by 2025, renewables will be the most substantial energy source. This view has changed from  2010 when  oil or gas was expected to be the most substantial contributor to the energy mix in the next five, ten and 15 years.  The survey also found that China has overtaken Eastern Europe as the next main focus for alternative resources, according to energy industry perception.

Link:   http://www.maxwelldrummond.com/pdf/2011-04-28-Maxwell-Drummond.pdf

Categories: Economic Indicators, Smart Grid, Uncategorized

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