Energy Transitions and Financial Measures
23%
30%
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%
+69%
+138%
+15%
42
44
+13%
36
35
37
6%
2040 % mix
5%
36%
Population
33
27
22
20
GDP
22
13
31
27
32
Renewables Natural Gas Oil products
-50%
6
12
Coal
10
-27%
Other
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
Note: U.S population in million people. U.S. GDP in trillion USD (2012). Renewables, natural gas, oil products, coal, and other in quadrillion btu. Other includes nuclear, non-biogenic municipal waste, hydrogen, methanol, and some
domestic inputs to refineries.
372
361
346
333
Source: EIA 2023 Annual Energy Outlook.
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