The rate of growth in energy demand worldwide, runs the risk of outpacing affordable clean supplies.
Renewables are forecasted to represent 14% of the total energy required by the year 2040. Renewable energy such as wind, solar, hydro-electric, geo-thermal are welcomed and a necessary part of the energy mix that will aid in reaching our future energy requirements, however even by the most optimistic of estimates renewables are forecasted to represent 14% of the energy required by 2040.
What has limited and will continue to limit the growth of renewables is an economical solution for storing energy generated when it is needed – during evening hours, days the sun does not shine, or when there is no wind; to solve this shortcoming will require major advancements in battery technology.
It is common sense to use our own natural resources responsibly, and the cleanest and most abundant energy source we have on the planet is bio and natural gas. Current global natural gas reserves total approximately 6,100 trillion cubic feet (tcf), according to EIA estimates.
Utilizing our abundant natural gas resources to meet our growing energy needs makes sense economically, as well as from an environmental standpoint.
Gas reserves far exceed our dwindling oil reserves, and natural and bio-gas represent a cleaner form of energy. The efficient processing of natural gas will take on an increasingly important place in 21st century industry, not only for our energy needs, but for value added products that include transportation fuels, plastics, clothing, synthetics, and a host of other products that each one of us use every day.