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Balancing Energy Supply and Demand: A Fifty-Year Global Perspective

Abstract:
Over the next five decades, even with vigorous conservation measures in industrialized regions, increasing needs for liquid fuels throughout the world may exceed the capabilities of global energy supply systems. The "energy problem," viewed in a sufficiently long-term and global perspective, is not an energy problem, strictly speaking, but an oil problem, or more precisely, a liquid fuels problem.

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Energy Specializations: Energy Security and Geopolitics – Geopolitics of Energy; Energy and the Economy – Energy as a Productive Input; Energy and the Economy –Economic Growth and Energy Demand; Energy and the Economy – Resource Endowments and Economic Performance; Energy and the Economy – Energy Shocks and Business Cycles

JEL Codes:
Q48 - Energy: Government Policy
O13 - Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Q34 - Natural Resources and Domestic and International Conflicts
F44 - International Business Cycles

Keywords: Energy supply and demand, Forecasting, IIASA models

DOI: 10.5547/ISSN0195-6574-EJ-Vol2-No3-1


Published in Volume 2, Number 3 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.