Shell has released a new report on the world's energy future, and it paints a rosy picture of what to expect (HT Paul Kedrosky).

It show's most of the world's energy supply continuing to come from fossil fuels, with natural gas making up a larger share of the world's supply. Demand continues to grow in the emerging world, and by 2030 makes the developed world's share look tiny.

It looks like we're actually keeping up with demand, with natural gas rising to the challenge.

And there's going to be a massive uptick in the development of alternative energy sources, like second gen biofuels and solar.