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Archive for Thursday, June 26, 2008

No end seen to global reliance on oil, fossil fuels

June 26, 2008

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— World energy demand will grow 50 percent over the next two decades, oil prices could rise to $186 a barrel and coal will remain the biggest source of electricity despite its effect on global warming, government experts predict.

The Energy Information Administration's long-range forecast to 2030 said the world is not close to abandoning fossil fuels. They will continue to be at the core of energy production in transportation and electricity generation, according to the report released Wednesday.

It said the steepest increases in energy use will come in China and other developing economies, including some in the Middle East and Africa, where energy demand is expected to be 85 percent greater in 2030 than it is today.

"What jumps out is the very strong growth in the emerging economies," said Guy Caruso, the head of the agency that serves as the government statistical and forecasting arm on energy.

The outlook largely assumes no mandatory international agreements on capping greenhouse gases, especially heat-trapping carbon dioxide, which comes from burning fossil fuels. Fossil fuel use "could be altered substantially" by such deals, the report said.

Without such limits, the annual amount of carbon dioxide flowing into the atmosphere would be 51 percent greater in 2030 than it was three years ago, the study said.

It said fossil fuels are expected to continue supplying much of the energy used worldwide despite the growth of renewable energy sources, including wind and biofuels.

The report assumes oil prices ranging from a low of $113 a barrel to as high as $186 a barrel by 2030; a barrel was trading above $133 on Wednesday. Adjusted for inflation, the $113 price would be about $70 in 2006 dollars, the report said.

"We're not going back to the historically low prices we saw in the '80s and '90s," Caruso said, while acknowledging the uncertainty of trying to peg prices so far into the future.

China and other developing countries that are powering the anticipated rise in energy demand should see sustained economic growth over the next two decades.

Coal use is expected to jump by nearly two-thirds by 2030; China alone will account for nearly three-fourths of that increase, the report said.

Despite coal's effect on climate change, Caruso said "it's the fuel of choice for electricity production in the emerging economies, especially China."

The report also projects:

¢ Electricity production from nuclear power plants will grow by one-third with the addition of 124 new nuclear power plants by 2030. As many as 45 could be in China, 18 in Russia, 17 in India and 15 in the United States.

¢ Natural gas "will replace oil wherever possible" especially in industrial uses, increasing demand for the fuel.

¢ There will be 2.1 percent annual growth in renewable energy for electricity generation, mostly because of increases in the use of hydroelectric power in developing countries.

Comments

devobrun 5 years, 9 months ago

CO2 is not a pollutant. It has a trivial effect on the climate.Now, go out there and live your life.Enjoy it responsibly.Don't waste, don't want, don't fret or wring your hands.Feel better?Tell it to the idiots who think they know the answer to questions that are far beyond their capability to model, measure, or predict.Laugh at the imperial pedantic Al Gore. Scoff at the insane Jim Hansen.Wow, I fixed 90% of your problems didn't I?

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madmike 5 years, 9 months ago

Unfortunately, this country is not developing alternate energy sources fast enough. We can use other sources to supply electricity, such as nuclear, wind, geo-thermal and solar, but "environmentalists groups", continually sue to prevent it.

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Les Blevins 5 years, 9 months ago

"Without such (greenhouse gas) limits, the annual amount of carbon dioxide flowing into the atmosphere would be 51 percent greater in 2030 than it was three years ago, the study said.That sounds pretty much like a death sentence for world peace and prosperity to me."The report assumes oil prices ranging from a low of $113 a barrel to as high as $186 a barrel by 2030."It's already looking like this estimate is about $100 per barrel too low. I think those who predict oil at $250 or higher by 2010 are closer to being accurate.

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