Future Consumption
According to the US Energy Information Administration, the world energy consumption increases by 49 percent, or 1.4 percent per year, from 495 quadrillion Btu (British thermal unit) in 2007 to 739 quadrillion Btu in 2035. As a result of the global recession, growth in world energy use slowed to 1.2 percent in 2008 and then declined by an estimated 2.2 percent in 2009.
In the past, the Organization for Economic Co-operation and Development (OECD) countries have accounted for the largest share of current world energy consumption; however, in 2007 for the first time energy use among non OECD nations exceeded that among OECD nations. In 2007, energy use in non-OECD nations was 1.5 percent higher than that in OECD nations. Moreover, non-OECD economies will consume 32 percent more energy than OECD economies in 2020 and 63 percent more in 2035.
More so, with raise of energy needs the world powerful economies will start looking into changing their sources of energy. The same source, explains that with the higher demands the prices of Petroleum, Natural Gas and Coal will raise by 2035. Also, because of the negative affects of oil and fossil fuels the world will start looking for new sources of energy that would replace the traditional sources.
To see more on detailed information on the subject from the US Energy Information Administration check these links:
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
http://www.eia.gov/oiaf/ieo/world.html
In the past, the Organization for Economic Co-operation and Development (OECD) countries have accounted for the largest share of current world energy consumption; however, in 2007 for the first time energy use among non OECD nations exceeded that among OECD nations. In 2007, energy use in non-OECD nations was 1.5 percent higher than that in OECD nations. Moreover, non-OECD economies will consume 32 percent more energy than OECD economies in 2020 and 63 percent more in 2035.
More so, with raise of energy needs the world powerful economies will start looking into changing their sources of energy. The same source, explains that with the higher demands the prices of Petroleum, Natural Gas and Coal will raise by 2035. Also, because of the negative affects of oil and fossil fuels the world will start looking for new sources of energy that would replace the traditional sources.
To see more on detailed information on the subject from the US Energy Information Administration check these links:
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
http://www.eia.gov/oiaf/ieo/world.html
