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Talking Point: |
World population growth alone accounts for some increases in demand. Western countries, led by the US, are profligate energy consumers, but these economies have slow to negative population growth and steady improvement in fuel efficiency. The problem is that developing economies account for most of the population growth, and those countries want cars, jet travel, and air conditioning just like the west. Annual population growth of about 90 million people/year occurs predominantly in developing countries where per-capita energy growth is also increasing. As a result |