Abstract LIQUID PETROLEUM is the world’s dominant energy source. Oil is energy-dense, portable, and easily moved by pipeline and tanker—characteristics that have made it very well suited as a transportation fuel. Further, during the twentieth century it was amazingly cheap. During the 1980s, for example, a barrel of oil, which contains 1700 kWh of energy (the equivalent of over 10 years of hard human labor), cost a mere $35 in inflation-adjusted dollars. Cheap transport energy helped fuel globalization, one of the most significant economic trends of the past few decades. Today, transportation accounts for 41 percent of U.S. energy end use, and over 95 percent of that transportation runs on oil. The vast majority of cars still burn oil-derived fuels, as do airplanes, ships, trucks, and rail locomotives.


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    Title :

    Transportation: The Substitution Challenge


    Contributors:

    Published in:

    Publication date :

    2016-01-01


    Size :

    14 pages




    Type of media :

    Article/Chapter (Book)


    Type of material :

    Electronic Resource


    Language :

    English




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