EIA sees strong world oil demand

The US Energy Information Administration predicts that world energy use will continue growing rapidly until at least the year 2020, particularly in developing nations.EIA's latest international energy outlook estimates that overall energy consumption will rise 60% during 1997-2020. Faster-than-average growth is expected for developing nations (121%), world natural gas use (104%), and world net electricity consumption (76%).Due to revisions in historical data and a higher forecast for oil consumption in the former Soviet Union, EIA predicts that world carbon emissions will grow 40% during 1990-2010 and 72% during 1990-2020.EIA expects natural gas to be the fastest-growing component of ...

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