Rising Demand for Energy in all Forms
According to the International Energy Agency, the demand for energy in all forms (oil, gas, renewables, and biofuels) will continue to rise for the foreseeable future. World energy consumption is expected to increase by 57% through the year 2030 with the use of fossil fuels peaking in use by 2020. A marked increase in the production and use of renewables and biofuels will be required to meet the projections under its 450 Greenhouse emissions standards. Energy consumption in emerging markets (Brazil, Russia, India and China) is expected to increase 95% by 2030. While gas prices are subject to global factors and have demonstrated price volatility over the last several decades, recent oil trading above $90 a barrel in 2014 indicates world demand continues to outpace supply. Although gas prices in the United States have been on the steady rise again, as the recent dip in US retail gasoline prices shows, the only certainty about energy prices is uncertainty, i.e., price volatility. International energy consumption of fossil fuels will, according to expert prognosticators, continue to increase through 2030, while oil production will peak sooner. These facts provide a lucrative opportunity for GRS to use its expertise, technologies and business acumen to create a very profitable scenario for itself and its investors. GRS’s project will generate significant profits and become a truly “Green” business model that will become the envy of many.