16

Liquid Fuels

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Chapter 16 outline.

Overlay: The availability of oil is critical to the economies of the world It is an essential ingredient for maintaining or increasing the standards of living of not only the new 3 billion persons coming in the next decades but the existing 6 billion as well. The concern is the supply constraint that exists and the rate of depletion of the world’s supply that may cause serious price increases

Liquid fuels are defined by the Energy Information Agency as 95% conventional liquids or oil and 5% unconventional liquids. The latter includes extra-heavy oil, bitumen, coal to liquids, gas to liquid, shale oil, ...

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