Special Report: Midyear Forecast: US energy demand growth slows on economic sluggishness

07/04/2011
Marilyn RadlerSenior Editor-EconomicsLaura BellStatistics EditorTotal energy demand in the US this year will increase marginally from 2010, weighed down by the sluggish economy and high oil prices.Buoyed by low prices, natural gas demand will rise more than demand for oil, while coal and nuclear demand will decline slightly from last year's levels. US demand for hydroelectric power, wind, and other renewable energy sources will post the largest percentage growth this year.US production of oil and gas will increase this year due to continued development of unconventional resources. Meanwhile, global oil demand growth will slow from a year ago, and supplies will increase by 1.5 million b/d....
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