hermit wrote:EIA says that there won't be much increase in nuclear. This seems inconsistent of my understanding of FF availability.
Looking at the following page: http://www.eia.doe.gov/oiaf/ieo/highlights.html
and look at the graph "World marketed energy use by fuel 1980-2030"
http://www.eia.doe.gov/oiaf/ieo/images/ ... 2small.jpg
These statistics are global as far as I can tell, but don't make sense - There's so much more nuclear being built already around the world.
Can anyone help make sense of this?
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
For nuclear I think their projection is far too low, the UK is rethinking its position for fission electricity production and the other western european countries are also giving it a hard second look in the light of climate change and convienience.
hermit wrote:
These statistics are global as far as I can tell, but don't make sense - There's so much more nuclear being built already around the world.
Can anyone help make sense of this?
hermit wrote:EIA says that there won't be much increase in nuclear. This seems inconsistent of my understanding of FF availability.
Looking at the following page: http://www.eia.doe.gov/oiaf/ieo/highlights.html
and look at the graph "World marketed energy use by fuel 1980-2030"
http://www.eia.doe.gov/oiaf/ieo/images/ ... 2small.jpg
These statistics are global as far as I can tell, but don't make sense - There's so much more nuclear being built already around the world.
EIA raises global oil demand decline forecast
Nick Snow
OGJ Washington Editor
WASHINGTON, DC, Feb. 11 -- Global petroleum demand will fall by another 400,000 b/d during 2009 as economic conditions worsen, the US Energy Information Administration said on Feb. 10 in its latest short-term energy outlook.
EIA now projects that worldwide oil consumption will drop by 1.2 million b/d this year as a deteriorating world economy and a weak oil consumption outlook keep the market well supplied despite two downward revisions in the last 2 months by the Organization of Petroleum Exporting Countries.
Reduced demand and rising surplus production capacity through at least mid-2009 reduce the possibility for a strong and sustained oil price rebound over that period, the federal energy analysis and forecasting service said.
[...]
EIA lowers oil demand forecast in latest short-term outlook
By OGJ editors
HOUSTON, Mar 10 -- In its latest Short-Term Energy Outlook (STEO), the Energy Information Administration has lowered its projections for oil demand in 2009-10 as the global economic contraction continues to depress energy demand.
EIA now expects US real gross domestic product (GDP) to decline 2.8% in 2009, leading to a reduction in energy consumption for all major fuels. EIA forecasts that an economic rebound will begin in 2010, with 1.9% year-over-year growth in US real GDP.
Average annual world oil consumption is projected to decline almost 1.4 million b/d in 2009, with consumption in Organization for Economic Cooperation and Development countries falling 1.6 million b/d. This expected decline is 200,000 b/d larger than in last month's STEO, reflecting lower expectations of global economic activity this year.
EIA assumes that worldwide GDP growth will decline 0.8% this year, followed by growth of 2.6% in 2010, compared with last month's assumption of a 0.1% decline this year and 3% growth next year.
EIA forecasts that the global economic slowdown will cut the price of West Texas Intermediate crude by more than half from last year's $100/bbl average. EIA expects WTI to average $42/bbl in 2009, and $53/bbl in 2010. These price forecasts are slightly lower than in the previous STEO.
[...]
World 2009 oil demand seen lowest since 2004 - EIA
Wed May 13, 2009 12:21am IST
By Ayesha Rascoe
WASHINGTON (Reuters) - Despite rising optimism about the economy, the U.S. Energy Information Administration on Tuesday again slashed its forecast for 2009 world oil demand, lowering its estimate by 420,000 barrels per day to 83.67 million bpd, which would be the lowest level in five years.
The EIA said it expects world oil demand to fall by 1.8 million bpd this year from 2008's levels as consumption remains weak because of the global economic downturn.
Its projection would place global oil consumption at the lowest level since demand was 82.41 million bpd in 2004.
With crude oil prices up to around $60 a barrel due to some positive economic indicators, many energy analysts and traders were anticipating that the EIA would not make another major cut in its oil demand forecast.
The agency said, however, that "expectations of global economic recovery and a resultant increase in demand were offset by initial data for the first quarter showing high oil inventories, weak consumption, and higher-than-expected production."
The EIA has cut its estimate for 2009 global oil demand in 13 of its last 16 monthly forecasts.
[...]
World marketed energy consumption is projected to grow by 44% between 2006 and 2030, driven by strong long-term economic growth in the developing nations of the world, according to the reference case projection from the International Energy Outlook 2009 (IEO2009) released today by the US Energy Information Administration (EIA).
World carbon dioxide emissions are projected to rise from 29.0 billion metric tons in 2006 to 33.1 billion metric tons in 2015 and 40.4 billion metric tons in 2030—an increase of 39% over the projection period. The IEO2009 reference case does not include specific policies to limit greenhouse gas emissions
Over the last four weeks, motor gasoline demand has averaged about
9.2 million barrels per day, up by 0.5 percent from the same period last year.
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