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Rol van Fossiele bronnen: rapport - Instituut Samenleving en ...

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Managem<strong>en</strong>t summary<br />

In rec<strong>en</strong>t years, the notion that the availability of fossil <strong>en</strong>ergy carriers and uranium is<br />

limited has become more topical than ever before. The cause of this lies in physical,<br />

political and economic limitations, in combination with a rise in global demand. The<br />

importance of these issues will only increase during the coming decades, according<br />

to the expectations.<br />

Aim and analysis framework<br />

This report int<strong>en</strong>ds to provide the Flemish parliam<strong>en</strong>t and other interested people<br />

with insight in the so-called upstream part of the markets for fossil fuels and uranium;<br />

the route from localising resources up to the mom<strong>en</strong>t of the actual winning. The<br />

report yields insight in the terminology, the curr<strong>en</strong>t reserves, the techniques and the<br />

market actors. But above all the report provides an analysis framework to explain the<br />

forces that work on the searching and winning of the <strong>en</strong>ergy carriers. After all, the<br />

developm<strong>en</strong>ts in the upstream part cannot be se<strong>en</strong> separately from what happ<strong>en</strong>s<br />

further in the <strong>en</strong>ergy chains. The analysis framework is applied in the report on the<br />

historical developm<strong>en</strong>ts, in most detail for the oil and the gas market, to indicate the<br />

driving forces that make future explorations possible.<br />

Moreover, the report gives insight in five aspects of the sustainability of the<br />

exploration and extraction of oil, gas, coal and uranium and in the possibilities to deal<br />

with these processes in a more sustainable way.<br />

The report concludes with the significance of the previous for the North-Western-<br />

European society in g<strong>en</strong>eral and for Flanders in particular.<br />

Resources suffici<strong>en</strong>t, but availability not guaranteed<br />

The volume and quality of the <strong>en</strong>ergy resources in the world is not exactly known.<br />

Resources are qualified as reserves as soon as the probability of their exist<strong>en</strong>ce is<br />

high <strong>en</strong>ough and winning is considered to be economically feasible. Both factors<br />

evolve over time, due to technical progress and to developm<strong>en</strong>ts on the <strong>en</strong>ergy<br />

market. Some resources will be commercially recoverable in the future, against the<br />

market prices th<strong>en</strong> applying. The volume of these resources is less well assessed<br />

than that of the reserves.<br />

The information in this report makes clear that the reserves for coal, oil, gas and<br />

uranium are substantial and that they will suffice for many decades to come, ev<strong>en</strong><br />

under a strongly increasing demand worldwide. The additional resources are ev<strong>en</strong><br />

much larger.<br />

However, the pres<strong>en</strong>ce of huge resources does not imply automatically that the<br />

desired <strong>en</strong>ergy carriers will be available in Flanders in the next decades.<br />

On the short term the production capacity of the pres<strong>en</strong>t installations is fixed and<br />

limited. Total supply dep<strong>en</strong>ds on decisions of governm<strong>en</strong>ts and <strong>en</strong>ergy companies on<br />

the allocation of capacity. On top of that, calamities may occur, as well as political<br />

disorder or wars, which lead to discontinuances in the production.<br />

On middle long term supply is determined by investm<strong>en</strong>ts of <strong>en</strong>ergy companies in the<br />

production of the known reserves and in geological studies, exploratory drilling and<br />

production assessm<strong>en</strong>ts to create new reserves. The expansion of the production<br />

capacity will dep<strong>en</strong>d strongly on the investm<strong>en</strong>ts of the national oil companies<br />

Zoek<strong>en</strong>, vind<strong>en</strong> <strong>en</strong> winn<strong>en</strong><br />

5

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