Thursday, November 24, 2005

It's all about oil, we all know that.

Global Energy needs will surge 50 percent by 2030 and prices will rise if capacity is not significantly increased.
Source, World Energy Outlook, 2005 report.
A investment of $20 trillion (yes trillion) is needed to bring the oil and gas reserves to market.
Energy-related carbon dioxide emissions are expected to climb 52 percent in the same period.
Crude oil prices are expected to moderate to $35 a barrel by 2010.
The 2030 price projections have been increased to $39 a barrel by 2030 from $29 a barrel projected in 2004..
Demand for energy will expand by more than 50 percent to 16.3 billion tons of oil by 2030.
In the Middle East and North Africa energy demand will more than double due to surging populations, economic growth and Heavy energy subsidies. Oil production in that region is expected to increase 75 percent by 2030.
Global oil production from the Middle East and North Africa regions will increase from 35 percent now to 44 percent by 2030.

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