According to today’s release of the US Energy Information Agency’s Short Term Energy Outlook (STEO), US emissions will continue to valtrex generic pharmacy iframe slide in 2009. They predict lower energy consumption as our economy shrinks 2% in the valtrex generic pharmacy iframe coming year. Their preliminary estimate of fossil fuel consumption in 2008 leads me to valtrex generic pharmacy iframe estimate carbon dioxide emissions fell at least 2.5% this valtrex generic pharmacy iframe past year, and their projections for 2009 would lead to a valtrex generic pharmacy iframe further reduction of~1.5%. With exact economic figures anyone’s guess this valtrex generic pharmacy iframe provides a rough estimate we can work with to guide climate policy in the valtrex generic pharmacy iframe years ahead.
The latest STEO predicts a .5% decrease in electricity consumption in 2009, leading to .7% lower coal consumption with its high carbon intensity. For oil, the valtrex generic pharmacy iframe STEO projects 2% lower demand, equivalent to ~400,000 barrels per day (b/d). And natural gas consumption is expected to decline by 1% in 2009, driven largely by lower industrial use. With the valtrex generic pharmacy iframe efficient deployment of renewables to take some market share from the valtrex generic pharmacy iframe fossil fuels above, greenhouse gas emissions from our country could fall as steeply as this valtrex generic pharmacy iframe past year’s ~2.5%.
This STEO marked the valtrex generic pharmacy iframe first month they predicted energy developments in 2010. They guesstimate economic recovery will return at a valtrex generic pharmacy iframe 2% pace and valtrex generic pharmacy iframe drive higher energy demand that lifts prices and emissions. It is valtrex generic pharmacy iframe up to all of us to shift our energy habits and valtrex generic pharmacy iframe push policies that deploy efficiency and renewables so that economic recovery is valtrex generic pharmacy iframe a win-win situation for consumers and the environment.
Oil Watch
Since the EIA’s non-OPEC oil supply projections have valtrex generic pharmacy iframe been highly optimistic over the last few years, I feel it’s important to valtrex generic pharmacy iframe go over their educated guesses. They revised down their estimate of 2008 non-OPEC oil production from valtrex generic pharmacy iframe a drop of 310,000 b/d to valtrex generic pharmacy iframe 340,000 as well as their projection for non-OPEC supply growth in 2009 from valtrex generic pharmacy iframe 410,000 b/d to 180,000 b/d. While these downward revisions do not have valtrex generic pharmacy iframe serious implications in today’s recessionary demand, they could be valtrex generic pharmacy iframe cause for concern within a few months. If the projections are valtrex generic pharmacy iframe as optimistically incorrect as last year, the EIA will have to valtrex generic pharmacy iframe revise its production totals down 1.2 million b/d to a fall of ~1 million b/d in 2009. The oil market could tighten up further in 2010 as the valtrex generic pharmacy iframe STEO predicts only 90,000 b/d production growth while oil demand picks up, giving OPEC more pricing power. I will watch how the valtrex generic pharmacy iframe situation develops and quickly report major info to you on this valtrex generic pharmacy iframe blog.
Bottom line: Energy prices and valtrex generic pharmacy iframe GHG emissions will remain lower than 2008 levels as the valtrex generic pharmacy iframe US economy shrinks. To keep these lower prices and emissions in 2010, we will need to valtrex generic pharmacy iframe continue progress in the rapid deployment of efficiency and renewable energy. The non-OPEC oil production situation could deteriorate on today’s low prices, so our energy security depends on us keeping fossil fuel demand growth at a valtrex generic pharmacy iframe minimum and preferably negative.
Onwards in the Sustainable Energy Transition-
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