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EIA projects world energy use to increase 53% by 2035; oil sands/bitumen and biofuels account for 70% of the increase in unconventional liquid fuels

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Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).

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Fossil Fuel Production Up in 2008 Despite Recession

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World production of fossil fuels—oil, coal, and natural gas—increased 2.9% in 2008 to reach 27.4 million tons of oil equivalent (Mtoe) per day, according to a Worldwatch Institute analysis. Energy prices reflected this shift: oil peaked at $144 per barrel in July, then fell to $34 per barrel in December. Mbpd in 2005.

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UT Austin to lead $58M study of methane hydrate in Gulf of Mexico; $41M from DOE

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More specifically, this new project, managed by the DOE’s Office of Fossil Energy’s National Energy Technology Laboratory, will characterize and prioritize known and prospective drilling locations with a high probability of encountering concentrated methane hydrates in sand-rich reservoirs. Council of Canadian Academies (2008).

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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 oil prices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oil prices are assumed to return and to persist through 2030. In the IEO2009 reference case, world oil prices rise to $110 per barrel in 2015 (in real 2007 dollars) and $130 per barrel in 2030.

2006 150
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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as compared to 1990 emissions, to be achieved between 2008 and 2012. April, 2008 : In an article entitled Dangerous Assumptions ( earlier post ), Roger Pielke, Jr., July, 2008 : The Australian government published the Garnaut Report, a comprehensive study of the effects of climate change on the country’s economy ( earlier post ).

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