The Global Energy Outlook

40 Pages Posted: 20 Apr 2013 Last revised: 30 Apr 2022

See all articles by Richard G. Newell

Richard G. Newell

Duke University - Nicholas School of Environment; National Bureau of Economic Research (NBER); Resources for the Future

Stuart Iler

Duke University

Date Written: April 2013

Abstract

We explore the principal trends that are shaping the future landscape of energy supply, demand, and trade. We take a long-term view, assessing trends on the time scale of a generation by looking 25 years into the past, taking stock of the current situation, and projecting 25 years into the future. We view these market, technology, and policy trends at a global scale, as well as assess the key regional dynamics that are substantially altering the energy scene. The shift from West to East in the locus of energy growth and the turnaround of North American gas and oil production are the most pronounced of these currents. Key uncertainties include the strength of economic and population growth in emerging economies, the stringency of future actions to reduce carbon emissions, the magnitude of unconventional natural gas and oil development in non-OPEC countries, and the stability of OPEC oil supplies.

Suggested Citation

Newell, Richard G. and Iler, Stuart, The Global Energy Outlook (April 2013). NBER Working Paper No. w18967, Available at SSRN: https://ssrn.com/abstract=2254220

Richard G. Newell (Contact Author)

Duke University - Nicholas School of Environment ( email )

Box 90228
Durham, NC 27708-0328
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919-681-8865 (Phone)

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
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Resources for the Future ( email )

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Washington, DC 20036
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Stuart Iler

Duke University ( email )

100 Fuqua Drive
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