SPECIAL REPORT: Energy demand to grow slowly worldwide, stagnate in the US

01/21/2007
US energy demand in 2008 will be nearly unchanged from last year. Weakness in the US economy, in addition to a global economic slowdown, will hold growth in check.Demand for natural gas will grow modestly in the US, and there will be a small uptick in the use of renewable energy this year. But the use of all other forms of energy will decline or hold steady from 2007.Oil prices will moderate this year, but conservation will come into play as consumer spending power weakens as the economy slows. Demand for most oil products in the US will decline.Last year’s high oil prices were attributed to a host of factors, including the weak US dollar, limited spare production capacity, geopolit...
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