Skip to main content

Posts

Showing posts from June 20, 2010

World Energy Usage to Grow by 49% by year 2035

According to the United States Energy Information Administration (EIA), the world energy usage is expected to grow by 49% percent by 2035. India and China will make up 20% of the growth. The United States growth is expected to drop from 21% to 16% of the worlds usage. The industrial sector is stated to uses more energy then any other sector as much as 50%, in a report by the EIA. Other points mentioned in the report: * Petroleum and other liquid fuels will remain the largest energy source worldwide through 2035, although higher oil prices are expected to erode their share of total energy use from 35 percent in 2007 to 30 percent in 2035. * World natural gas consumption will increase 1.3 percent per year, from 108 trillion cubic feet in 2007 to 156 trillion cubic feet in 2035. Tight gas, shale gas and coalbed methane supplies will rise substantially, especially from the U.S., but also from Canada and China. * World net electricity generation will jump by 87 percent, from 18.8 trillion k