World Oil Use Seen Surging 27% by 2035

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"Proposed rules requiring automakers to improve fuel efficiency in the United States were not factored into the forecast."

Reuters, Ayesha Rascoe

The U.S. government on Monday said global oil consumption is likely grow by more than a quarter over the next quarter century, though proposed rules requiring automakers to improve fuel efficiency in the United States were not factored into the forecast.

World oil demand is expected to climb to 112.2 million barrels per day in 2035, the U.S. Energy Information Administration said in its annual international energy outlook. That would be up 27% from 88.20 million bpd in 2011 and is an increase of 1.4% over last year's EIA forecast. . .View full article

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