EIA ’06 outlook for higher crude prices
Sharp price increase since 2000 projected to continue; domestic production expected to increase; demand and imports to drop
The Department of Energy’s Energy Information Administration has released its Annual Energy Outlook 2006, for the first time presenting long-term forecasts of energy supply, demand and prices through 2030.
The agency said it has “reevaluated its prior expectations about world oil prices in light of....
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Implications for energy markets
Energy prices growing
Energy consumption increases more slowly
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