Boliden’s Q2 earnings disappoint despite near fivefold rise
The miner said higher metal prices boosted its earnings, while lower treatment charges and metal premiums weighed on the result.
The unconventional liquid fuel industry, like oil sands and shale oil, is projected to grow 4.6 per year through to 2035, according to the U.S. Energy Information Administration.
The government agency released its International Energy Outlook 2011 last week.
The report states that geopolitics and regulation will help the unconventional liquid fuel sector sustain growth for the next 20 years and beyond.
Liquid fuels, from both conventional and nonconventional sources, accounted for 34 percent of world energy consumption in 2008, the largest of any other fuel type. By 2035 liquid fuel will decline to 29 percent, but will still be predominant.
Without significant technological advancement in the transportation sector, the chief consumer of oil and gas, liquid fuels will remain the number one way people power their trucks and cars.
Traffic image from Minesweeper. Chart from International Energy Outlook 2011
