2010-05-13 Annual Energy Outlook 2010

2010-05-13 Robert Rapier Consumer Energy Report \peak oil\oil addiction\Energy Information Administration/Annual Energy Outlook/2010\Energy Information Administration/Annual Energy Outlook\Energy Information Administration\2030 http://www.consumerenergyreport.com/2010/05/13/annual-energy-outlook-2010/ Annual Energy Outlook 2010 Annual Energy Outlook 2010  The Energy Information Administration just released their Annual Energy Outlook for 2010:


 * Annual Energy Outlook 2010

It is about 220 pages long, and therefore I haven't had a chance to read it thoroughly. But in my skimming of it so far, there are a few interesting items to note. One of the things I was most curious about was whether they would show this scary graph that appeared in the 2009 Annual Energy Outlook: Let that sink in for a just a minute. What that says is that global production in 2030 is forecast to be 43 million barrels, demand is forecast to be 105 million barrels, and we really don't have any idea how we are going to cover 62 million barrels per day of demand by 2030. We are going to need a lot of oil to cover the depletion, so it is up to "unidentified projects" – or we will deal with huge shortages.

&ldquo;What says is that global production in 2030 is forecast to be 43 million barrels, demand is forecast to be 105 million barrels, and we really don't have any idea how we are going to cover 62 million barrels per day of demand by 2030.&rdquo;   