4.6 Article

Factors that will influence oil and gas supply and demand in the 21st century

Journal

MRS BULLETIN
Volume 33, Issue 4, Pages 317-323

Publisher

MATERIALS RESEARCH SOC
DOI: 10.1557/mrs2008.65

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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.

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