PDF Publication Title:
Text from PDF Page: 012
Spanish Lacote district of the Corozal Basin. BNE has an early estimate of available reserves for the Spanish Field site set at 10 million barrels (2008). In 2007, Belize consumed about 7,000 barrels of petroleum derivates per day. There seems to be stagnation in consumption growth since 2005 for multiple reasons. For instance, weather related disasters impact the export of agricultural products, leading to lower economic activity and therefore demand. In 2007, one of the primary uses of petroleum derivates imports was for transport, comprising 30% of the total imported oil products. This sums to a total consumption of about 2,100 barrels of petroleum derived fuels in 2007. Gasoline is mainly consumed in the transportation sector. This fuel is imported as regular (octane 87) and premium (octane 91) gasoline. Within the transport sector, diesel and butane are direct competitors to gasoline. Table 1 below reflects the cost and imports of gasoline, diesel and butane for road transport for the years 2005 to 2007. Table 1 Gasoline, Diesel and Butane imports in Belize (2005-2007)5 2005 2006 2007 Imports Gasoline Diesel Butane QTY (Gal) 13,049,547 19,827,857 289,590 Cost (US$) US$/gallon 27,169,774 2.08 48,942,986 2.47 714,632 2.47 QTY (Gal) 12,492,175 20,367,853 2,691,671 Cost (US$) US$/gallon 31,617,280 2.53 99,811,689 4.90 4,252,961 1.58 QTY (Gal) 12,589,986 23,086,587 1,296,408 Cost (US$) 32,135,446 2.55 94,890,917 4.11 5,033,494 3.88 US$/gallon Belize has a local petroleum production, but still imports 100% of the petroleum products it consumes. This high dependence threatens energy security and economical stability given oil depletion and the high volatility of oil prices in the international market. Based on the current petroleum production rate, by 2017 Belize’s production will peak and by 2025 it will cease to be profitable. Figure 9 shows the projected decline in Belize oil production. 8 6 4 2 0 Belize-Theoretical oil field production Real Trend Forecast Figure 9 – Belize Oil depletion curve (calculated based on Hubbert peak theory and methodology) 5 Belize Statistical Institute 12 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 Thousands of barrels per dayPDF Image | ENERGY POLICY ASSESMENT OF THE ENERGY SECTOR IN BELIZE
PDF Search Title:
ENERGY POLICY ASSESMENT OF THE ENERGY SECTOR IN BELIZEOriginal File Name Searched:
Toward_a_national_energy_policy__Assesment_of_Belize.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com (Standard Web Page)