Wednesday, May 23, 2007
World Energy Use Projected to Grow 57 Percent between 2004 and 2030
World Energy Use Projected to Grow 57 Percent between 2004 and 2030
Press Release
Press Contact: Barbara Drazga, Energy Business Reports
Tel: 800-304-0345
www.energybusinessreports.com
Phoenix, AZ –May 21, 2007 – World marketed energy consumption is projected to grow by 57 percent between 2004 and 2030, according to the reference case projection from the International Energy Outlook 2007 (IEO2007) released today by the Energy Information Administration (EIA). The IEO2007 shows the most rapid growth in energy demand for nations outside the Organization for Economic Cooperation and Development (OECD) especially in non-OECD Asia, where strong projected economic growth drives the increase in energy use.
Global energy demand grows despite the relatively high world oil and natural gas prices in the reference case. However, rising oil prices dampen growth in demand for petroleum and other liquids fuels after 2015 and, as a result, reducing their share of overall energy use from 38 percent in 2004 to a projected 34 percent in 2030. In contrast, the energy shares of natural gas, coal, and renewable energy sources are expected to grow over this period. Liquids consumption is still expected to grow strongly, however, reaching 118 million barrels per day in 2030. The United States, China, and India together account for nearly half of the projected growth in world liquids use.
To meet the increment in world liquids demand in the IEO2007 reference case, supply in 2030 is projected to be 35 million barrels oil equivalent per day higher than the 2004 level of 83 million barrels per day. Conventional resources account for about 27 million barrels per day of this increase, with a projected 21 million barrels per day increase in production by members of the Organization of Petroleum Exporting Countries (OPEC) and a 6 million barrels per day increase in non-OPEC countries. Production from unconventional resources (including biofuels, coal-to-liquids, and gas-to-liquids) increases by nearly 8 million barrels per day and accounts for 9 percent of total world liquids supply in 2030.
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Via: Bioconversion Blog
Press Release
Press Contact: Barbara Drazga, Energy Business Reports
Tel: 800-304-0345
www.energybusinessreports.com
Phoenix, AZ –May 21, 2007 – World marketed energy consumption is projected to grow by 57 percent between 2004 and 2030, according to the reference case projection from the International Energy Outlook 2007 (IEO2007) released today by the Energy Information Administration (EIA). The IEO2007 shows the most rapid growth in energy demand for nations outside the Organization for Economic Cooperation and Development (OECD) especially in non-OECD Asia, where strong projected economic growth drives the increase in energy use.
Global energy demand grows despite the relatively high world oil and natural gas prices in the reference case. However, rising oil prices dampen growth in demand for petroleum and other liquids fuels after 2015 and, as a result, reducing their share of overall energy use from 38 percent in 2004 to a projected 34 percent in 2030. In contrast, the energy shares of natural gas, coal, and renewable energy sources are expected to grow over this period. Liquids consumption is still expected to grow strongly, however, reaching 118 million barrels per day in 2030. The United States, China, and India together account for nearly half of the projected growth in world liquids use.
To meet the increment in world liquids demand in the IEO2007 reference case, supply in 2030 is projected to be 35 million barrels oil equivalent per day higher than the 2004 level of 83 million barrels per day. Conventional resources account for about 27 million barrels per day of this increase, with a projected 21 million barrels per day increase in production by members of the Organization of Petroleum Exporting Countries (OPEC) and a 6 million barrels per day increase in non-OPEC countries. Production from unconventional resources (including biofuels, coal-to-liquids, and gas-to-liquids) increases by nearly 8 million barrels per day and accounts for 9 percent of total world liquids supply in 2030.
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Via: Bioconversion Blog
PermaLink - World Energy Use Projected to Grow 57 Percent between 2004 and 2030 posted by Ecacofonix : 9:18 AM
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Friday, May 11, 2007
Coal’s Future in Doubt - Could Peak in 15 Years?
Coal’s Future in Doubt - Could Peak in 15 Years?
May 2007
A recent newsletter article by GPM consisted of a summary of the conclusions of a recent study by the Energy Watch Group (EWG) on future global coal supplies. That study found that global coal production could peak in as few as 15 years. This rather surprising conclusion was based on a careful analysis of recent reserves revisions for several nations.
The EWG report has enormous implications for climate change, global energy, and particularly for future electricity supply and steel production in the US and China. Until now, virtually everyone in the fields of energy policy and energy analysis had assumed that the world’s coal endowment was so enormous that no limits would be encountered anytime this century. The EWG’s conclusions turn this assumption on its head.
Read more from this post by Richard Heinberg @ Global Public Media
May 2007
A recent newsletter article by GPM consisted of a summary of the conclusions of a recent study by the Energy Watch Group (EWG) on future global coal supplies. That study found that global coal production could peak in as few as 15 years. This rather surprising conclusion was based on a careful analysis of recent reserves revisions for several nations.
The EWG report has enormous implications for climate change, global energy, and particularly for future electricity supply and steel production in the US and China. Until now, virtually everyone in the fields of energy policy and energy analysis had assumed that the world’s coal endowment was so enormous that no limits would be encountered anytime this century. The EWG’s conclusions turn this assumption on its head.
Read more from this post by Richard Heinberg @ Global Public Media
Labels: coal, data, fossil-fuels, surveys, trends
PermaLink - Coal’s Future in Doubt - Could Peak in 15 Years? posted by Ecacofonix : 7:59 AM
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Friday, April 20, 2007
Alternative cars on the rise
Alternative cars on the rise
Apr. 20, 2007, by Mike Keller, Sun Herald
Whatever the reason, Mississippians are turning more and more to alternatively fueled vehicles as part of the solution.
Mississippi now has 82,000 alternatively fueled automobiles zipping around its streets and highways, a recent automotive market report by R.L. Polk & Co. showed.
Read the full article from here @ Sun Herald
Apr. 20, 2007, by Mike Keller, Sun Herald
Whatever the reason, Mississippians are turning more and more to alternatively fueled vehicles as part of the solution.
Mississippi now has 82,000 alternatively fueled automobiles zipping around its streets and highways, a recent automotive market report by R.L. Polk & Co. showed.
Read the full article from here @ Sun Herald
Labels: surveys, transportation, trends
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