EIA Forecasts Global Petroleum Consumption to Grow 47% by 2030

[hankthecrank]

http://www.greencarcongress.com/

EIA Forecasts Global Petroleum Consumption to Grow 47% by 2030; Transportation Accounts for Half
20 June 2006

Worldwide total energy consumption will grow by 71% between 2003 and 2030, according to the reference case projection from the International Energy Outlook 2006 (IEO2006) released today by the Energy Information Administration (EIA).

The projected reference case world oil prices are 35% higher in 2025 than in last year’s IEO, and higher prices dampen expected growth in world oil demand, which is 8 million barrels per day lower in 2025 than in last year’s reference case. Nevertheless, the IEO projects petroleum consumption to grow strongly, reaching 118 million barrels per day in 2030—an increase of 47% from 2003. The United States, China, and India together account for 51% of the projected growth in world oil use.

So we are about the limit for production now how are they going to get to 118 million barrels per day.

Damm this used to be a nice planet move over Venus insects will be able to melt solder in the air too.

[bananas]

1. Direct link to article

http://www.greencarcongress.com/2006/06/eia_forecasts_g.html