In this new chart of global fuel mix to 2035 published by the BP, it can be seen that the oil and coal production shows reduction which may effect the transport and power sectors. This reduction of oil and coal can be overcome by the gas especially the shale gas. In the present period the best choice for the long term investors and planners in the oil and gas sectors are shale gas exploration. The United States and China has already started working on it because they have quite good reserves with technical expertise. Other countries are also attracting towards the shale gas exploration for their future energy option.
The renewable energy will participate in the energy mix but it will not be enough to meet the future energy demands. In contrast to this predicted graph, some of the neutral energy analysts are hopeful towards the technology breakthrough especially in the wind and solar sectors. Any breakthrough which resembles to increase in the conversion efficiency or in the energystorage may become the game changer in the future energy mix.
The nuclear is also an option to meet the increasing energy demand but most of the time it is also attached with political instability, seismic and weather conditions which may spark an unlimited damage to the people, environment and infrastructure just like the disaster of Fukushima nuclear power station. By 2035 shown in the graph, the renewable energy production may replace some of the energy production from the nuclear power.
Here, now it is important for the energy regulators and policy makers to focus their efforts towards the Hydro, Gas particularly the shale gas and Renewable energy sectors for the future energy demands.
