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Deloitte: Energy Predictions 2011

In its Energy Predictions 2011 report, Deloitte expects the energy sector to face challenges, while demand will grow for renewables and electric cars.

While the economic downturn across the globe is easing, the energy sector will experience a challenging start to 2011, according to Deloitte's recently released Energy Predictions 2011 report. The price of oil and strength of the recovery will affect the production and consumption of all forms of energy.

"Energy plays a pivotal role in driving the global economy," says Peter Bommel, Deloitte Touche Tohmatsu Limited Global Energy & Resources Industry Leader. "Anticipating the course of the energy and resources sector over the next 12 months is not easy, but Deloitte's Energy Predictions Report aims to stimulate debate, inform of possible industry directions, and help identify opportunities and potential courses of action."

Deloitte expects emerging markets to break out as fast growers, the prospects for renewables to improve as solar power becomes mainstream, the water-energy nexus to become more important, and consumer demand for electric cars to grow.

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