Special Report: Midyear Forecast: US energy demand gears up for expansion

07/05/2010
Demand for oil and gas in the US will climb this year, boosted by tepid economic growth. Buoyed by relatively low prices and recovering industrial demand, the natural gas market will expand more than demand for oil in 2010.All major sources of energy will post an increase in use, rebounding from last year's 5% contraction. Worldwide oil demand also will regain momentum following last year's decline.In the US, development of unconventional resources will drive 2010 gas production growth, while offshore fields will fuel this year's increase in oil production.Worldwide oil demandEconomic recovery will push global oil demand this year to average 86.4 million b/d, according to the Internationa...
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