Energy Outlooks
Both the Energy Information Administration (EIA) and ExxonMobil have recently released their views on energy issues for the future. The EIA's Short-Term Energy Outlook for December 2009 can be found here, and finds, among other things:
EIA expects the annual average natural gas Henry Hub spot price for 2010 to be $4.62 per thousand cubic feet (Mcf). This represents a $0.67-per-Mcf increase from the estimated 2009 price of $3.95 per Mcf. Natural gas working inventories reached a new record-high level of 3.837 trillion cubic feet (Tcf) on November 27 as mild weather throughout much of the country contributed to uncommon storage builds for most of that month.
Similarly, ExxonMobil released its Outlook for Energy: A View to 2030, concluding in part:
ExxonMobil expects that global energy demand in 2030 will be almost 35 percent higher than in 2005, even accounting for the recession that dampened energy demand in 2009.
A copy of the full report can be found here, and is well worth your read (e.g., it concludes that even with growth of 10% per year, wind, solar, and biofuels will only make up about 2.5% of the energy mix in 2030).
