USA Today: U.S. sees 38% jump in global oil use by 2040

Despite upcoming climate talks to curb heat-trapping carbon emissions, the U.S. government said Tuesday that global use of oil and other liquid fuels will jump 38% by 2040.

World consumption is projected to grow from 87 million barrels per day in 2010 to 119 million barrels in 2040 – up 4% from last year's forecast, according to the International Energy Outlook 2014 by the U.S. Energy Information Administration.

"The growth outlook for liquid fuels use will be largely driven by demand in the developing world, especially in Asia and the Middle East," says EIA Administrator Adam Sieminski in announcing the results. Most, 72%, of this increase will come from developing Asian countries, including China and India.

In contrast, EIA says that liquid fuel demand in the United States, Europe and other regions with well-established oil markets seems to have peaked because years of high oil prices have prompted energy efficiency efforts and fuel switching.
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