SPECIAL REPORT: US energy market to expand in 2007 as prices ease

01/15/2007
US energy demand will increase this year as the economy grows at a tempered pace. Winter weather will be milder than normal, requiring less heating, but temperatures in the summer are also expected to be higher than usual, requiring more cooling.Demand for electric power generation will drive much of the energy needed in the US in 2007. OGJ forecasts increases in consumption across all forms of energy. Oil, natural gas, coal, nuclear, and renewable energy each will gain small demand increments from a year ago.Transportation fuel consumption will push US oil demand in 2007. This will be the result of slightly lower prices, economic growth, and growing volumes of ethanol entering the gasoli...
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