15.02.16 Oil to remain No.1 energy source

oil no1 energy source

... and gas will overtake coal for second place. That's according to oil giant BP in their 2016 Energy Outlook report who say that, in the next 20 years, although oil will still be the world’s most used energy source, its energy mix share will drop significantly as more renewables sources kick in. Despite the increasing use of renewables, fossil fuels are expected to remain the dominant source of the world's energy. The growth in gas-produced energy will be driven by shale gas production which is expected to increase by over 5% each year and will account for over a quarter of all the world's gas supplies by 2035.

Source: Utility Week – to read the complete story please click here.