Stunning Trends & Developments in Energy

While we did not see triple digit crude oil prices in the futures market last year we remain optimistic the energy sector will perform well in 2008. Growing global energy demands will continue to present challenges to the market.

Several graphics we ran across last month illustrate the major issues in the energy sector. The chart at right from an article in the Financial Times illustrates that the use of fossil fuels has correlated very closely with economic growth over the last 185 years.


Global growth in 2007 is expected to reach 4.6%. Much of the growth was centered in economies that are not very energy efficient per unit of economic growth. With global economic growth continuing into 2008 we expect energy use will continue to expand at a rapid clip.

Greenhouse gas emissions also correlate closely with the demand for fossil fuels