As the U.S. economy enters a period of sustained recovery—political rows aside—it's worth considering how developments in the country's energy industry and other forces will affect future demand for oil and oil products. Certainly, the global energy basket has changed significantly in the past five decades, with cleaner energy looking increasingly likely to displace conventional sources—albeit gradually. According to BP data, oil and coal (the dominant sources of energy since industrialization) have seen their share of energy production drop from a rate of 40.4% and 38.1%, respectively, in 1965, to 33% and 30% today.
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