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WASHINGTON, Dec. 4 (UPI) -- As demand for energy increases, the investment in energy infrastructure might not keep up, U.S. Energy Secretary Samuel Bodman said.
The world needs "safe, reliable, available and affordable energy supplies and in greater numbers than it now has," Bodman said.
He paraphrased the International Energy Agency's World Energy Outlook prediction that energy demand will increase 55 percent from 2005 to 2030.
To meet that, Bodman said, will require at least a $22 trillion investment in infrastructure.
"The biggest energy challenge that we collectively face, all of the nations of the world, is that that investment might not happen in that amount," Bodman told a news conference hosted by the global energy information firm Platts.
"The United States does expect to play an important role," he added.
Bodman said during his recent trip to Italy, Turkmenistan, Turkey, Greece and Britain, "At each stop I emphasized again and again that all of the responsible nations of the world need to work together, need to commit to the enhancement of each other's global energy security," he said. "You can't do this on your own."
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Ben Lando, UPI Energy Editor
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(blando@upi.com)
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