U.S. forecasts strong growth in alternative energy, technology - John Funk
The U.S. Department of Energy said Wednesday that it expects virtually no growth in American oil consumption through 2030 - but strong growth in alternative energy and technology development. In the preliminary draft of its annual energy outlook, the department's Energy Information Administration projects a rebound in oil prices as soon as the global recession is over, with prices approaching $200 per barrel by 2030 ($130 in 2007 dollars).
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