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Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

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World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

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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).

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Surprise Natural Gas Drawdown Signals Higher Prices Ahead

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The reduction of 6 billion cubic feet (Bcf) was the first summertime drawdown since 2006. Natural gas spot prices shot up following the data release on August 4, although they fell back again shortly after. Natural gas consumption patterns are much more seasonal than for oil. Average consumption of 36.1

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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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AEO2013 offers a number of other key findings, including: Crude oil production , especially from tight oil plays, rises sharply over the next decade. Domestic oil production will rise to 7.5 Biofuels grow at a slower rate due to lower crude oil prices and. Overall findings. Biomass and biofuels growth is slower.

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Emissions projected to rise steeply

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World carbon dioxide emissions are projected to rise from 29billion metric tons in 2006 to 33.1billion metric tons in 2015 and 40.4billion tons in 2030 - that’s an increase of 39 per cent from 2006 onwards. Oil prices are expected to rise and may even hit $130 a barrel by 2030. per cent per year.