Report: Oil

Prices will make coal, natural gas, alternative fuels more attractive

WASHINGTON – Oil

In December, the EIA predicted worldwide oil prices would average $57 a barrel in 2030, a 35 percent increase from the long-term forecast it had made just a year earlier.

In 2003, oil accounted for 38 percent of total world energy consumption, but by 2030 that figure will drop to 33 percent, Caruso said.

AP