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Never before has there been so much uncertainty over the future supply and demand for hydrocarbons—this is particularly the case in transport, which accounts for 50 percent of primary oil consumption.
Key Findings
There is clear evidence to suggest that science may deliver a range of technologies that could be commercial within just five years—but the potential of new fuels to disrupt the supply and demand for gasoline and diesel will be realized only if innovators and regulators take key steps to ensure rapid commercialization of these lower carbon alternatives.
This article was first published in April 2010 in Petroleum Review and is reproduced by kind permission of the Energy Institute, 61 New Cavendish Street, London W1G 7AR.
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April 1, 2010
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