U.S. CO2 Emissions Projected to Drop This Year; Oil and Gas Prices Stable

The recessions will cause U.S. carbon dioxide (CO2) to decline by 5.9% by the end of 2009, according to the U.S. government's Energy Information Administration (EIA). Most of the CO2 emissions drop was due to lower consumption of coal and natural gas across the economy, including the industrial sector. Petroleum consumption declines accounted for the remainder of the drop. EIA is forecasting oil prices to average $70/barrel through the winter, from October to March, before rising to $75/barrel by the end of 2010. The 95% confidence interval for oil prices, a...

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