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FarCenter

(19,429 posts)

9. That is mainly due to use of coal in India and China, not oil production

Reply to Edim (Reply #8)

Mon May 7, 2012, 05:03 PM

May 2012

See Figure 15 in http://www.eia.gov/forecasts/ieo/world.cfm

Liquids have been flat. Coal is now decreasing its rate of increase.

The projections beyond 2015 are very unlikely to be realized due to continuous recession/depression economic conditions as more expensive energy and raw material costs throttle economic growth, particularly in North America and Europe.

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