Time for More Energy Efficiency

McGowan, Jack
December 2005
Energy & Power Management;Dec2005, Vol. 30 Issue 12, p10
Trade Publication
The article focuses on issues concerning energy economics. It is informed that demand for energy across the world is increasing and price signals do have a limited near-term impact on consumption. According to the Energy Information Administration (EIA) global demand for petroleum dropped in 2004, but the forecast calls for demand growth to average 1.8% for 2005 and 2006. All energy sources are facing increasing demand and constrained supply. The EIA predicts relatively narrow margin of surplus capacity for Natural Gas.


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