This may not come exactly as a shock, but the Energy Information Agency has predicted that global energy demand will rise 44 percent by 2030, with 75 percent of that rise coming from developing nations such as China, Russia, Brazil, and India. So, how will this soaring demand manifest itself? Well, Reuters (via Planet Ark) will tell us!
U.S. oil prices are forecast to rise from an average $61 barrel this year to $110 in 2015 and $130 in 2030…Global oil demand is expected to rise to 107 million barrels per day over the next two decades from nearly 84 million bpd this year. Oil will account for 32 percent of the world’s energy supply by 2030 from about 36 percent in 2006.
So, yeah. Oil. However, even though the barrels per day and the price will rise over the next two decades, notice that the percentage oil accounts for in the world energy supply drops. But how can that be?
Renewable energy, like wind and solar power, will be the fastest growing energy source, making up 11 percent of global supplies. Biofuels, including ethanol and biodiesel, are expected to reach 5.9 million bpd by 2030.
So, there is some good news in this. Also, these predictions do not take into account Congress’ climate change bill, or any other changes on the horizon, but the EIA notes that those changes won’t necessarily change energy demand, just stipulate from where it ought to come. So how do we lower energy demand? Well, there, the EIA doesn’t offer a whole lot of help. I think you’re supposed to unplug your electronics when you’re not using them or something, though. I hear that helps.
CATEGORIES: Environment
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