1.
BON BOYAGE
LNGLNG
LNGLNG
LNGLNG
LNGLNG
supply demand
eventually becoming energy self-sufficient.
GAS
All this will make the US a net
exporter of natural gas,
Shale gas and tight oil growth will mean the US
becomes the #1 producer of liquid fuels
and remains the global leader
in natural gas production.
Declining use
of oil and coal
What are the wider implications?4
is accompanied by flattening
energy demand.
means falling CO2 emissions
in the US as economic growth
10
20
30
40
50
60
70
80
90
100
110
Transport will use less energy owing
to improved efficiency.
Oil remains dominant
but will lose share to
renewables and
natural gas.
18%
5%
15%
19%
25% 25%
35%
43%
How will energy be used?3
2012 vs. 2035
Energy consumed in power generation
will grow by 10%.
Coal will still dominate, but its share will
decline while gas’s remains stable
and nuclear power will be overtaken by
renewables.
Coal Gas Nuclear Renewables
renewables
nuclear
hydro
gas
coal
oil
2035 - 80%
2012 - 85%
and natural gas will replace oil as
America’s leading fuel.
Renewables will become increasingly
competitive and grow most rapidly
but overall fossil fuels
will remain dominant.
renewables
nuclear
hydro
gas coal
oil
What is the outlook for individual fuels?2
Today oil is still dominant but its use will decline the
most. Oil and coal will lose market share
2012
2035
In 2035 how much energy will the US need?1
as the economy becomes
more energy efficient.
By 2035 US energy
consumption will grow
by just 3%
BP Energy Outlook 2035
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BP Energy Outlook 2035
Our 2014 look-ahead to the
future of American energy