ECO314
Energy Economics – Study Notes
Lecture 1
In Canada, 75% of our energy is Hydrocarbons, 15% Renewables, and 10% Nuclear.
In the World, 81% is Hydrocarbon, 13% Renewables, and 6% Nuclear.
World consumption of oil is about 90 million barrels per
day or about 30 billion barrels of oil per year.
World consumption of natural gas is about 300 billion
cubic feet per day or about 100 trillion cubic feet per year.
FRACKING – involves applying high pressure water to break rocks, in order to extract…
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