"Global Energy Demand Seen Up 44 Percent By 2030"
"Global energy demand is expected to soar 44 percent over the next two decades with most of the demand coming from developing countries such as China and Russia, the U.S. government's top energy forecasting agency said on Wednesday.
The worldwide economic downturn has hit energy consumption, but an expected recovery next year could respark demand and boost prices, the Energy Information Administration said in its new forecast.
U.S. oil prices are forecast to rise from an average $61 barrel this year to $110 in 2015 and $130 in 2030."
Tom Doggett and Ayesha Rascoe report for Reuters May 28, 2009.
See Also:Source: Reuters, 05/28/2009