China's 2006 oil consumption is forecast to increase by almost half a million barrels per day from last year's volumes, or 38% of the total growth in world oil demand.
In order to participate as a virtual power plant, you have to have a clear understanding of your data center power consumption, your forecast, and your flexibility for reducing (and increasing) power consumption with different application load.
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The company has a high forecast for data consumption over the next few years, and is preparing its network appropriately.
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The latest projections from iGR, a telecom industry analyst firm, forecast that bandwidth consumption will grow ten-fold by 2017.
Start with consumption, the side of the equation that can be forecast with some accuracy.
The International Energy Agency lifted its demand forecast for next year and raised its projections for consumption to 2015, citing stronger US growth.
Consumption levels rose by 1.4%, lower than the earlier forecast of 2%.
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Oil cartel OPEC on Tuesday cut its global demand forecast for 2008 for the fourth time this year, adding consumption would continue to slow in 2009.
Last year consumption fell 9.3% five times more than was forecast.
The Organization of Petroleum Exporting Countries cut its global demand forecast for 2008 for the fourth time this year, saying that consumption would continue to slow in 2009.
If both these wealth effects turn negative, the blow to consumption could be severe, and the current recession could be deeper than most economists now forecast.
General consumption in the basin will increase by 25% in the next 25 years, according to a forecast by a consultant to the commission.
Most analysts have forecast a long-term rise in personal savings in the U.S. as well as depressed consumption and slower growth because of it.
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