The article “Annual Energy Outlook 2009 with Projections to 2030” discusses the changes in the economy and the demand on oil and its prices. Also the consumption of renewable fuels and the use of energy in the world now and in the future is explained. The changing climate and the economy have an effect on everything in this article.
In 2030 oil prices will definitely be different and range from $50 to $200 per barrel and countries that produce oil will expand their output more rapidly.
There are growing concerns about greenhouse gas emissions. Climate change is effecting the U.S. electric power companies because of the challenges of the environment. From 2007 to 2030, new natural-gas-fired plants account for 53 percent of new plant additions.
Renewable fuels will be increased- the overall consumption of wood, municipal waste, and biomass.
Due to the higher fuel prices, there will be an increase of light-duty vehicles and different types of hybrid car sales. The LDV sales in 2030 are said to go up 40 percent.
The U.S. economy grows by an average of 2.5 percent per year and the key factor that drives growth in both total energy consumption and greenhouse gas emissions is this rate.