Strattner Financial Group (SCNG)

[bobafett]

Company website updated, new company blog entry.

http://www.evolution-fuels.com/Blog.aspx?Id=55

"Rebounding Asian Economies Point to Need for Alternative Fuel Sources

9/23/2009 4:01:45 PM

Asian economies slumped steeply when exports plunged, but most of the region already is recovering, the Asian Development Bank said in a report released Sept. 22. The Asian Development Bank said that it now sees growth in China, the world's second largest energy consumer, at 8.2 percent this year, which is 1.2 percentage points above its previous outlook. As for next year, the group sees China growth at 8.9 percent.


The Asian Development Bank also raised its 2009 India growth outlook from 5 percent previously to 6 percent. It also boosted its forecast for 2009 growth in developing Asian countries from 3.4 percent to its current forecast of 3.9 percent.


Meanwhile, the Department of Energy's Energy Information Administration (EIA) recently estimated that world oil consumption would grow in the fourth quarter of 2009 compared with year-earlier levels—marking the first such growth in five quarters. The EIA projected that world oil consumption would grow by 900,000 barrels per day in 2010, with relatively strong growth in non-OECD countries being partially offset by a slight decline in OECD consumption.


For China, the EIA projects that liquid fuels consumption will increase from an average of 8.08 million barrels per day (bpd) in 2009 to 8.37 million bpd in 2010—a year-over-year increase of 3.5 percent. For India, liquid fuels consumption is forecast to rise from 3.03 million bpd in 2009 to 3.18 million bpd in 2010—a 5 percent year-over-year increase.


This expected upturn in China's and India's economies and their oil demand growth is seen as reinforcing the increasing demand for clean, efficient alternatives to traditional fossil based liquid fuels such as gasoline and diesel fuel.



This expected upturn in China's and India's economies and their oil demand growth is seen as putting increased pressure on world oil supplies. Clean, efficient biofuels and other alternative energy sources will augment traditional liquid fuel supplies to meet this growing world demand for energy."