According to International Energy Outlook 2013 (IEO2013) which was released today by the U.S. Energy Information Administration (EIA), world energy consumption is projected to increase by 56 percent over the next three decades! This projected increase is mainly due to the growth of the developing world. EIA Administrator Adam Sieminski explains, “Rising prosperity in China and India is a major factor in the outlook for global energy demand. These two countries combined account for half the world’s total increase in energy use through 2040. This will have a profound effect on the development of world energy markets.”