October 2014, Vol. 241, No. 10

Features

EIA: World Liquid Fuels Use Projected To Rise 38% by 2040

World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to projections in International Energy Outlook 2014 (IEO2014), released by the U.S. Energy Information Administration (EIA). “The growth outlook for liquid fuels use will be largely driven by demand in the developing world, especially in Asia and the Middle East,” said EIA Administrator Adam Sieminski. “Those two regions combined account for 85% of the total increase in liquid fuels used worldwide over that period.” World markets for petroleum and other liquid fuels have entered a period of dynamic ch

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