Jason Barton

Professional Information and Energy News

Archive for the ‘Energy Demand’ tag

Energy ministers: $25 trillion investment by 2030 to meet rising demand

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It’s important to note that this is not investment in clean or alternative energy research, only the investment needed to meet rising demand.

(AP) – 2 days ago

CANCUN, Mexico — Energy ministers gathered at an international forum Wednesday estimated the world will have to invest $25 trillion over the next two decades to satisfy energy demand.

“The projected global investment needs to amount to over $25 trillion up to 2030, a huge challenge in a time of unprecedented uncertainty and volatility,” according to a statement from the 12th International Energy Forum being held in the Caribbean coastal resort of Cancun.

Read the entire article here.

Written by Jason

April 4th, 2010 at 1:35 pm

Oil Below $79 on Depressed Demand

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Demand looks set to grow, but at a slower rate than previously projected.

JANUARY 15, 2010, 9:55 A.M. ET

By ANGELA HENSHALL

LONDON—Oil prices weakened again as traders continue to dwell on significant buildups in U.S. fuel inventories revealed this week, an indication demand remains depressed.

“I think all the current fundamental news has been absorbed into the market,” said London Capital Group energy analyst Glen Ward, who expects technical drivers to play a bigger role trading in coming sessions. He said charts suggest the short-term down trend will continue, but prices are likely to find support lower down.

“I would expect [hedge] funds to look to buy the dips,” he said said.

Read the entire article here.

Written by Jason

January 15th, 2010 at 8:30 am