HVAC Breaking News

June 26, 2007: Report Sees High but Slowing Growth in World Energy Use

LONDON - For the second year in a row, 2006 was a year of slowing growth in world energy use, according to the BP Statistical Review of World Energy 2007.

World energy use grew by 2.4 percent, down from 3.2 percent in 2005, but still above the 10-year average, according to the report. Petroleum consumption actually fell among developed countries, due in part to prices peaking at $78 per barrel in August, while the global demand for oil grew only 0.7 percent.

As has been the trend in recent years, slow increases in energy demand in developed countries were offset by rapid growth in the Asia Pacific region, particularly in China. China's energy consumption rose by more than 8 percent, and as a result, China now consumes 15 percent of the world's energy.

The BP Statistical Review of World Energy is available online at www.bp.com/statisticalreview.

Publication date: 06/25/2007

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2015 ACCA Conference

Images from the 2015 ACCA Conference in Grapevine, Texas. Posted on April 8, 2015.


NEWSMakers: Clint Schreck

Clint Schreck, general manager, Columbus Worthington Air, Columbus, Ohio, discusses winning Angie’s List Super Service Award, how to handle online reviews, and much more.

More Podcasts


NEWS 05-18-15 cover

2015 May 18

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Legislation and Regulation

What legislative/regulatory issue is most important to you as a HVAC business owner?
View Results Poll Archive


2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con