What do you know about Energy?

7 questions…here the answers

1. Have we hit the end of the ‘fossil era’?

Answer 2: Not even close: more renewables, and more fossil fuelsSource: BP Statistical Review of Energy, 2015

2. What is the latest on global CO2 emissions:

Answer 1: Energy-related emissions of CO2 stalled for the second year in a row as renewable energy surged (IEA, 2016):

3. What is the latest on the oil price?

All answers are more or less correct! For an explanation see short film on ‘oil price developments’ by Lucia van Geuns

4. How many barrels of oil are produced daily worldwide?

Correct answer: 96 million

5. Do low oil prices pose a threat to energy security?

Correct answer: 1 or 2 depending on the time frame: 2 with a short time span of 10 years, 1 with a time span of 20 years

6. Regional gas markets become more and more Global markets, due to..

… Converging regional gas prices due to low Asian demand and collapsing LNG prices

7. The global natural gas production growth between 2015-2020 will be

dominated by:

The US, Canada and Australia.

The only region with a declining trend is Europe, going down from around 254 bcm in 2014 to 217 bcm in 2020 Almost 50% of the incremental growth of the production will take place in the US, Canada and Australia. Ref. IEA, 2015