lock and load everyone. April is going to see some news flow for...

lock and load everyone. April is going to see some news flow for CEL.

The global energy outlook is that energy demand will double by 2050 and the world’s population will grow to nine-billion, creating a need for increased energy supply with reduced carbon dioxide (CO2) emissions.


This was according to oil giant Shell South Africa upstream GM Jan Willem Eggink, who on Thursday gave an address on the potential for shale gas in South Africa at the University of the Witwatersrand.

He stated that shale gas was “cleaner” than coal and had half the CO2 emissions of coal, adding that, building power plants for shale gas would be faster than building coal-fired power stations.

“Gas is affordable. South Africa’s energy challenge is that we need new electricity generation capacity while reducing CO2 emissions by 30% by 2030. As one of the Brics [Brazil, Russia, India, China and South Africa] countries, the energy demand in South Africa is forecast to grow faster than the global average,” Eggink said.
http://www.engineeringnews.co.za/article/energy-demand-will-double-by-2050-shale-gas-could-ease-stress-2014-03-28