Energy consumption to escalate

07/30/2013
World energy consumption will jump 56% in the next 30 years, driven by growing demand in developing countries, the US Energy Information Administration recently reported in its International Energy Outlook 2013. Rising prosperity in China and India will be a major driver. “These two countries combined account for half the world’s total increase in energy use through 2040,” said EIA Administrator Adam Sieminski. “This will have a profound effect on the development of world energy markets.” World energy consumption is expected to jump to 820 quadrillion btu (quads) in 2040 from 524 quads in 2010. The EIA projects increased consumption of all fuel sources through 2040. Fossil fuels are expec...
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