Special Report: US energy demand set for slim expansion in 2010

Moderate economic growth will spur a small recovery in US energy demand this year.Total US energy demand will grow less than 1% in 2010 on the heels of last year's 4% decline. Demand for oil, natural gas, and renewable energy sources will increase, while a slide in coal demand will add to last year's drop.OGJ looks for oil prices to move more in line with market fundamentals this year. The 2009 rise in oil prices was tied to the prospect of an economic recovery and weakness in the US dollar more than to supply and demand levels.While the amount of US commercial crude oil in storage was robust during 2009, finishing the year above the yearend 2008 level, so were crude prices. The spot pric...

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