Canadian Oil And Gas Evaluation Handbook

World Energy NeedsThe world’s need for energy – from all sources – is expanding. As more people in developing and emerging economies rise out of poverty and improve their standards of living, global demand grows for energy and everyday products made from oil and natural gas.

The world will need more energy in all forms, including oil and natural gas.Global energy demand is set to rise 24% by 2040, according to the International Energy Agency (IEA). This includes growth in both oil and natural gas demand, with oil and natural gas continuing to meet 45% of the world’s energy needs in 2040.

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Canada’s Energy MixCanada is rich in natural resources. Our country has many different energy sources: oil, natural gas, coal, hydroelectricity, nuclear and more. This energy is used for various purposes, such as heating homes, fueling vehicles, generating electricity and more.Some parts of Canada have the resources to produce electricity from large rivers, waterfalls or tides, while other areas are rich in oil and natural gas. Similarly, consistent wind in some regions makes large-scale electricity generation possible, while other regions can tap geothermal energy. Canada’s energy mix is continually changing as new technologies become available.