THE FUTURE OF OIL AND GAS, AND THE SPECULATIONS ABOUT THEIR DEMISE
Total worldwide primary energy is ~ 285 MMBbls of oil equivalent, out of which 34% comes from oil, 26% comes from Natural Gas and 22% comes from Coal. It means that 82% of primary energy comes from fossil fuels. The rest is 18%, out of which 5% is nuclear energy, 2.2% is Hydro-electricity and 10% comes from renewables…
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