Why we are uncertain about the future of energy

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  • Why we are uncertain about the future of energy
    • Hard to predict energy demand as it is strongly affected by:
      • Economic growth rates
      • Conservation of resources
      • Pace at which the world can switch to renewable sources of power
    • Issue of Peak Oil
      • International Energy Agency predicted peak oil production to occur between 2013 and 2037 whilst USGS predicted it at least 50 years away
    • Global Energy Uncertainty
      • The scale of the possible switch to renewable energies
      • Discovery of new energy technologies
      • Size of undiscovered oil and gas reserves
      • Impact of rising living standards
      • Scale of global population growth
      • Future performance of the global economy
      • Emergent economies energy demands

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