Wednesday, June 25, 2008

No End In Sight On Reliance On Oil

World energy demand will grow 50 percent over the next two decades, oil prices could rise to $186 a barrel and coal will remain the biggest source of electricity despite its effect on global warming, government experts predict.

The Energy Information Administration's long-range forecast to 2030 said the world is not close to abandoning fossil fuels. They will continue to be at the core of energy production in transportation and electricity generation, according to the report released Wednesday.


http://ap.google.com/article/ALeqM5gUMV8UJoaN5q_kTW2qE60EkyYQZQD91H98CG4