American Petroleum & CO2 Segment Overview
Energy is Essential to Human & Economic Development
KINDER MORGAN
The transition to a renewable-energy world will not be seamless and will require the ongoing use of hydrocarbons
U.S. POPULATION, GDP & ENERGY SUPPLY BY SELECT FUEL TYPES
2022, 2030, 2040, 2050
+12%
372
361
346
333
+15%
44
42
338
31
+69%
+138%
33
27
22
20
27
22
13
+13%
37
35
36
32
Renewables
Hydrocarbons have significant
advantages & are irreplaceable
in certain applications:
cement, steel, fertilizer, plastics
These are materials that are
needed for a growing
population and a rising
standard of living
Natural Gas
Oil products
Note: U.S population in million people. U.S. GDP in trillion USD. Renewables, natural gas, and oil products in quadrillion btu.
Source: EIA 2023 Annual Energy Outlook.
Population
GDP
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