The Energy Information Administration (EIA) released its International Energy Outlook today, and it’s chock-full of excellent data. It points to a number of global energy trends, and the overarching narrative that emerges is the economic ascendence of the developing world (especially China and India) and the sharp rise in energy usage expected to accompany that growth.
The EIA forecasts that OECD countries’ energy usage will grow by a surprisingly small 17 percent by 2040. But non-OECD countries will more than make up for this sluggish growth, as they are projected to nearly double their energy consumption over the next 27 years.
Sure, this is a familiar trend by now, but stifle the yawn. The actual numbers that the EIA is projecting are startling, and as you can see in the graph below, the energy sources many of these countries will be relying on in the future are worth noting….