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Suncor Energy Inc. Message Board

  • manylumen manylumen Aug 14, 2009 9:13 AM Flag

    long term out look for oil

    A very good lecture on the mitworld distributed intelligence web site; "Critical issues and grand challenges" the section by Dr. Steven E. Koonin is very interesting. one quote from Dr. Koonin: "nobody uses less energy as they get richer". He made that comment when talking about the large new growth for energy coming in developing nations as they get wealthier. Talks about energy poverty and how there are already 2 billion potential new consumers that use so little or no energy, and they could start to make new demand as economy imporves. Says 30% new demand by 2030. So long term is very strong for oil and gas.

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