Future World Oil Forecast Guy Caruso, Administrator Energy Information Administration Petrostocks 2007: New Perspectives January 29, 2007 New Orleans, LA
World Oil Price, 1980-2030 (2005 dollars per barrel) 100 History Projections 80 History AEO2006 AEO2007 Low Price 60 AEO2007 High Price AEO2007 Reference 40 20 0 1980 1990 2000 2010 2020 2030 Annual Energy…
U.S. Energy Production, Consumption, and Net Imports, 1960-2030 (quadrillion Btu) 140 History Projections 120 32% 100 Net Imports Consumption 31% 80 Production 60 40 20 0 1960 1970 1980 1990 2000 2010 2020 2030…
U.S. Primary Energy Consumption by Fuel, 1960-2030 (quadrillion Btu) 60 History Projections Liquid Fuels 50 40 Coal 30 Natural Gas 20 Nuclear 10 Renewables 0 1960 1970 1980 1990 2000 2010 2020 2030 Annual Energy…
U.S. Liquid Fuels Supply, Consumption, and Net Imports, 1960-2030 (million barrels per day) 30 History Projections 25 20 61% Consumption Net Imports 15 60% 10 Domestic Supply 5 0 1960 1970 1980 1990 2000 2010…
U.S. Liquid Fuels Consumption by Sector, 1970-2030 (million barrels per day) 20 History Projections Transportation 15 10 5 Industrial Residential and Commercial Electric Power 0 1970 1980 1990 2000 2010 2020…
U.S. Liquid Products Consumption, 1990-2030 (million barrels per day) 30 History Projections 25 Total 20 15 Motor Gasoline 10 Other 5 Distillate Jet Fuel Residual 0 1990 1995 2000 2005 2010 2015 2020 2025 2030…
U.S. Ethanol Production, 1981-2030 (billion gallons) 20 History Projections 15 Corn Ethanol 10 5 Cellulosic Ethanol 0 1980 1990 2000 2010 2020 2030 Annual Energy Outlook 2007
U.S. Ethanol Consumption as E85 and Blended with Motor Gasoline, 1981-2030 (billion gallons) 20 History Projections 15 Ethanol Blended into Motor Gasoline 10 5 Ethanol in E85 0 1980 1990 2000 2010 2020 2030…
Average Fuel Economy of U.S. New Light-Duty Vehicles, 1980-2030 (miles per gallon) 35 Projections Cars History 30 All Light-Duty Vehicles 25 Light Trucks 20 15 10 5 0 1980 1995 2005 2015 2030 Annual Energy…
U.S. Sales of Full Hybrid, Diesel, and Flex-Fuel Vehicles, 2005 and 2030 (thousand units) 2,100 2005 2030 1,600 1,100 600 100 Hybrids* Diesel Flex-Fuel -400 *Only includes hybrids that provide tractive power to…
U.S. Crude Oil Production by Source, 1990-2030 (million barrels per day) 10 History Projections 8 6 Total 4 Lower 48 Onshore 2 Deepwater Offshore Alaska Shallow Water Offshore 0 1990 2000 2005 2010 2020 2030…
World Marketed Energy Consumption by Region,1980-2030 (quadrillion Btu) 800 History Projections 722 700 665 613 600 Non-OECD 563 510 500 OECD 421 400 400 347 366 283 309 300 200 100 0 80 85 90 95 00 03 10…
World Energy Consumption, 2003, 2015, and 2030 (quadrillion Btu) 450 413 400 OECD 350 309 300 Non-OECD 294 270 250 234 200 186 150 100 50 0 2003 2015 2030 North America OECD Europe OECD Asia Non-OECD Europe and…
World Marketed Energy Use by Fuel, 1980-2030 (quadrillion Btu) 300 History Projections 250 33% Oil 27% 200 38% 26% Coal 150 Share of 24% World Natural Gas 100 Total 24% Renewables 9% 50 8% 5% 6% Nuclear 0 1980 1985…
World Oil Consumption, 2003, 2015, and 2030 (million barrels per day) 70 60 58 60 OECD 54 50 49 Non-OECD 45 40 32 30 20 10 0 2003 2015 2030 North America OECD Europe OECD Asia Non-OECD Europe and Eurasia Non-OECD…
World Oil Reserves by Country, as of January 1, 2006 (billion barrels) Saudi Arabia Canada Iran Iraq Kuwait UAE Venezuela Russia Libya Nigeria United States China Qatar Mexico Algeria Brazil World Total = Kazakhstan…
World Oil Consumption and Production, 2003, 2015, and 2030 (million barrels per day) Consumption Production Non-OECD OPEC Conventional 140 OECD Non-OPEC Conventional Unconventional 118.0 118.0 120 100 98.3 98.3 80.1 79.6 80…
World Unconventional Liquids Production, 2005 and 2030 (million barrels per day) 4 3.6 2005 3 2030 2.1 2.1 2.1 2 1.7 1.0 1 0.7 0.5 0.2 0.0 0.0 0.1 0 Oil Sands Ultra Gas to Coal to Biofuels Shale Oil Heavy Liquids…
Periodic Reports Petroleum Status and Natural Gas Storage Reports, weekly Short-Term Energy Outlook, monthly Annual Energy Outlook 2007, reference case December 2006, full report February 2007 International Energy Outlook 2006, June…