Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

You Are Here: Home » E-Government, Government Documents » New EIA Energy Outlook Projects Flat Oil Consumption to 2030, Slower Growth in Energy Use and Carbon Dioxide Emissions, and Reduced Import Dependence

New EIA Energy Outlook Projects Flat Oil Consumption to 2030, Slower Growth in Energy Use and Carbon Dioxide Emissions, and Reduced Import Dependence

by on

News release: “For the first time in more than 20 years, the new AEO [Annual Energy Outlook] reference case projects virtually no growth in U.S. oil consumption, reflecting the combined effect of recently enacted CAFE standards, requirements for increased use of renewable fuels, and an assumed rebound in oil prices as the world economy recovers. With overall liquid fuel demand in the AEO2009 reference case growing by only 1 million barrels per day between 2007 and 2030, increased use of domestically-produced biofuels, and rising domestic oil production spurred by higher prices, the net import share of total liquids supplied, including biofuels, declines from 58 percent in 2007 to less than 40 percent in 2025 before increasing to 41 percent in 2030.”

Sorry, comments are closed for this post.