Emanuel, Alexander E.
The goal of this study is to predict the future of the oil market, economic consequences of increasing oil scarcity, and the likely future development of an alternative energy infrastructure based on nuclear power and hydrogen. It was estimated that world oil production capacity will fall short of needed demand by at the very latest after 2020. The increased price of oil will motivate the construction of an alternate energy infrastructure. The likely alternative fuel which will replace oil in the transportation sector will be hydrogen.
Worcester Polytechnic Institute
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Electrical and Computer Engineering