CURRENT ISSUE

BACK TO BASICS:
The Ubiquitous Fire Hydrant

Find out how the hydrant evolved, the different types available, and how today’s hydrants are being built or retrofitted for maximum security.

Reliability & Security of Wireless Monitors on Valves

Wireless technology offers lower construction costs while greatly expanding the ability to monitor and communicate with equipment in remote areas.

Partial stroke testing devices add to plant safety while helping to keep process—and revenue flowing.

Improving technology and decreasing costs are boosting the economic viability and attractiveness of water desalination.

With a special focus on water/wastewater products.

Find companies that supply products and services to valve and actuator manufacturers.

WEB EXCLUSIVE

Written by Mark Ward, Sr., Contributing Editor, Valve Magazine
Tuesday, 15 July 2008 01:07
In its International Energy Outlook 2008 released in July, the Energy Information Administration (EIA) projects two very different futures for global energy markets. The more likely scenario predicts world oil prices of $186 per barrel in 2030, a historically high level that would dampen worldwide growth in energy demand while stimulating development of previously uneconomical energy sources. EIA lays out a "reference case" in which it is assumed that "current laws and policies remain unchanged" through 2030, as well as a "high-price case" designed to reflect the uncertainty associated with long-term projections of future oil prices. The $186-per-barrel price is 65% higher than $113 assumed in the reference case for the year 2030. "Given current market conditions," EIA reports, "it appears that world oil prices are on a path that more closely resembles the projection in the high-price case than in the reference case."
Read more...