US energy demand outlook The US is th..
US energy demand outlook
The US is the world's largest energy producer, consumer and net importer. It also ranks eleventh worldwide in reserves of oil, sixth in natural gas and first in coal. A new analysis from the Energy Information Agency (www.eia.doe.gov) forecasts that total US petroleum demand in 2005 will grow just 1.4%. This equates to an average consumption of 20.7 million barrels/day (MMbpd).
The flat increase is a response to the combined effects of
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