Alaska Trends
he BP Energy Outlook is produced to aid BP’s analysis and decision-making and is published as a contribution to the wider energy debate. But the Energy Outlook is only one source among many when considering the future of global energy markets. BP considers the scenarios in the Energy Outlook, together with a range of other analysis and information, when forming its long-term strategy.
- In all the scenarios considered, world GDP more than doubles by 2040 driven by increasing prosperity in fast-growing developing economies.
- Renewable energy is the fastest growing source of energy, contributing half of the growth in global energy supplies and becoming the largest source of power by 2040.
- Natural gas grows robustly, supported by broad-based demand and the increasing availability of gas, aided by the continuing expansion of liquefied natural gas (LNG).
- The Outlook considers a range of alternative scenarios, including the need for “more energy,” “less carbon,” and the possible impact of an escalation in trade disputes.
Primary Energy Demand
(In billion tonnes of oil equivalent)
Primary Energy Consumption by Fuel
(In billion tonnes of oil equivalent)
CO₂ Emissions
(Gigatonnes of CO₂)
SOURCE: BP Energy Outlook: 2019 edition
ANS Crude Oil Production
ANS West Coast Crude Oil Prices
SOURCE: Alaska Department of Revenue Tax Division
SOURCE: Alaska Department of Revenue Tax Division
Seasonally Adjusted
SOURCE: Alaska Department of Labor and Workforce Development, Research & Analysis Section
ANS Crude Oil Production
SOURCE: Alaska Department of Revenue Tax Division
ANS West Coast Crude Oil Prices
SOURCE: Alaska Department of Revenue Tax Division
Seasonally Adjusted
SOURCE: Alaska Department of Labor and Workforce Development, Research & Analysis Section