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Economic impacts of U.S. liquid fuel mitigation options | 2006-07-08 | Oil; Oil shortages; United States dependence on oil imports; Energy Security; Vehicle fuel efficiency (VFE); Coal liquefaction; Coal-to-liquids (CTL); Oil shale; Enhanced oil recovery (EOR); Oil peaking; Liquid fuels | The world is consuming more oil than it is finding, and at some point within the next decade or two, world production of conventional oil will likely peak. Peaking will lead to shortages and greatly increased prices and price volatility. In addition to peaking and its consequences, there are widespr... |
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