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- The cost of oil has risen from $10 per barrel in 1999 to over $70 today.
- Global demand for crude oil has been rising steadily over the past twenty years and is expected to grow at an annual rate of 1.9 percent for the next twenty years.*
- World oil use is projected to grow from 78 million barrels per day in 2002 to 103 million barrels per day in 2015.*
- Natural gas is seen as a desirable energy alternative in many parts of the world, given its relative efficiency as well as the fact that it burns more cleanly.
- Worldwide consumption of natural gas is expected to increase by an average of 2.3 percent annually through to 2025.*
- World natural gas consumption is projected to grow from 92 trillion cubic feet in 2002 to 156 trillion cubic feet in 2025.*
* Source: Energy Information Administration / International Energy Outlook 2005
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