Description: Facing the Hard Truths about Energy is a report by the National Petroleum Council about the future of oil and natural gas to 2030 in the context of the global energy system.
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July 18, 2007 The Honorable Samuel W. Bodman Secretary of Energy Washington, D.C. 20585 Dear Mr. Secretary: In response to the questions posed in your letter of October 5, 2005, the National Petroleum Council conducted a comprehensive study considering the future of oil and natural gas to 2030 in the context of the global energy system. The complexity of today's integrated energy markets and the urgency surrounding today's energy issues demanded a study that included:
The Council found that total global demand for energy is projected to grow by 50-60 percent by 2030, driven by increasing population and the pursuit of improving living standards. At the same time, there are accumulating risks to the supply of reliable, affordable energy to meet this growth, including political hurdles, infrastructure requirements, and availability of a trained work force. We will need all economic, environmentally responsible energy sources to assure adequate, reliable supply.
There is no single, easy solution to the global challenges ahead. Given the massive scale of the global energy system and the long lead-times necessary to make material changes, actions must be initiated now and sustained over the long term.