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Oil and Coal Will Continue To Be Energy Mainstays

<p>Unless international carbon-capping treaties are implemented, fossil fuel consumption (with their greenhouse gas emissions) will increase 50% by 2030, largely resulting from growth in energy consumption in China and other developing nations.</p>
July 1, 2008, 10am PDT | Irvin Dawid
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"The Energy Information Administration's long-range forecast to 2030 said the world is not close to abandoning fossil fuels. It said the steepest increases in energy use will come in China and other developing economies, including some in the Middle East and Africa, where energy demand is expected to be 85 percent greater in 2030 than it is today.

The outlook largely assumes no mandatory international agreements on capping greenhouse gases, especially heat-trapping carbon dioxide...Fossil fuel use "could be altered substantially" by such deals, the report said. Without such limits, the annual amount of carbon dioxide flowing into the atmosphere would be 51 percent greater in 2030 than it was three years ago, the study said."

"Global demand for liquid fuels - mostly oil - will grow to 113 million barrels a day by 2030, nearly one-third more than is consumed today, the report said. But high prices could have an impact, shaving demand by as much as 13 million barrels a day."

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Published on Thursday, June 26, 2008 in Associated Press via Google News
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