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Factors That Will Influence Oil and Gas Supply and Demand in the 21st Century

Published online by Cambridge University Press:  31 January 2011

Stephen A. Holditch
Affiliation:
Texas A&M University, USA
Russell R. Chianelli
Affiliation:
University of Texas at El Paso, USA

Abstract

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A recent report published by the National Petroleum Council (NPC) in the United States predicted a 50–60% growth in total global demand for energy by 2030. Because oil, gas, and coal will continue to be the primary energy sources during this time, the energy industry will have to continue increasing the supply of these fuels to meet this increasing demand. Achieving this goal will require the exploitation of both conventional and unconventional reservoirs of oil and gas in an environmentally acceptable manner. Such efforts will, in turn, require advancements in materials science, particularly in the development of materials that can withstand high-pressure, high-temperature, and high-stress conditions.

Type
Research Article
Copyright
Copyright © Materials Research Society 2008

References

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