EIA: World energy forecast reflects higher oil prices

Continued worldwide economic growth has made the US government’s leading energy analysts revise their international forecast through 2030 to reflect significantly higher oil prices and a much larger contribution from unconventional sources.“Very robust worldwide energy demand growth is projected over the next 25 years,” said Guy Caruso, administrator of the US Energy Information Administration. EIA released its 2006 international energy outlook on June 20.The forecast calls for worldwide energy consumption to grow by 71% from 421 quadrillion btu (quads) in 2003 to 722 quads in 2030, with most of the increase occurring in developing nations, particularly Asia, Caruso said...

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