Annual Energy Outlook 2008 Energy Information Administration December 12, 2007 www.eia.doe.gov Energy Information Administration Official Energy Statistics from the U.S. Government
World oil prices are higher in all AEO2008 cases 2006 dollars per barrel 120 History Projection 100 AEO2007 High High Price AEO2007 Low 80 AEO2007 Reference AEO2008 High Reference 60 AEO2008 Low AEO2008 Reference 40 Low…
U.S. primary energy consumption is lower in all years quadrillion Btu 140 131.2 123.8 120 118.2 113.6 Renewables 106.5 103.6 Nuclear 100.0 100 Coal 80 60 Petroleum 40 20 Natural Gas 0 2006 AEO2007 AEO2008 AEO2007…
Energy use per capita is constant and per dollar of GDP falls at 1.6 percent per year (index, 1970=1.0) 1.2 1.0 0.8 per capita per dollar real GDP 0.6 0.4 0.2 History Projection 0.0 1970 1980 1990 2000 2010 2020…
Transportation sector dominates liquid fuel consumption million barrels per day 20 History Projection 15 Transportation 10 Industrial 5 Residential and Commercial Electric Power 0 1970 1980 1990 2000 2010 2020…
Net liquids import dependence is lower in AEO2008 million barrels per day 30 AEO2008 25 AEO2007 20 Consumption 61% Net Imports 59% 15 60% 10 Domestic supply 5 History Projection 0 1970 1980 1990 2000 2010 2020 2030
Domestic crude oil production grows in the near term million barrels per day 8 History Projection 6 AEO2008 AEO2007 4 Lower 48 Onshore 2 Lower 48 Offshore Alaska 0 1970 1980 1990 2000 2010 2020 2030 AEO2008 Press…
Lower-48 onshore carbon dioxide enhanced oil recovery grows rapidly million barrels per day 3 Conventional + Other EOR 2 AEO2008 AEO2007 Carbon Dioxide Enhanced Oil Recovery 1 0 2005 2010 2015 2020 2025 2030 AEO2008…
Ethanol supply dominated by corn exceeds the RFS, includes strong growth in imports billion gallons 20 16 Cellulose Based Imports 12 8 Renewable Fuel Standard Corn Based 4 0 2006 2010 2020 2030
Natural gas consumption is lower in all sectors in AEO2008 compared to AEO2007 Trillion cubic feet 30 26.3 26.1 25 24.0 24.1 23.2 23.4 21.8 Transportation 20 Electric Power 15 Industrial 10 Commercial 5 Residential 0…
Natural gas consumption and production is lower and the net import share narrows trillion cubic feet 30 25 Consumption 21% Net Imports 15% 20 16% Production 15 AEO2008 AEO2007 10 5 History Projection 0 1990 1995 2000 2005…
Net pipeline and, particularly, LNG imports are lower in AEO2008 trillion cubic feet 5 History Projection 4 3 Pipeline 2 1 AEO2008 LNG AEO2007 0 -1 1990 1995 2000 2005 2010 2015 2020 2025 2030 AEO2008 Press…
Despite lower demand, natural gas wellhead prices are slightly higher in AEO2008 2006 dollars per thousand cubic feet 8 History Projection 7 6 5 4 3 AEO2008 AEO2007 2 1 0 1970 1980 1990 2000 2010 2020 2030…
U.S. coal consumption is predominantly used for electricity generation with growing use for CTL quadrillion Btu 35 32.8 30 26.5 25 22.5 22.9 Electric Power 20 15 10 5 Coal-to- Liquids Other 0 2006 2010 2020 2030…
U.S. electricity consumption is lower in AEO2008 billion kilowatthours 6,000 5,478 5,149 5,000 Transportation 4,756 4,571 4,132 Industrial 4,021 4,000 3,821 3,000 Commercial 2,000 1,000 Residential 0 2006 AEO AEO…
Coal dominates capacity additions, but nuclear/renewables play a growing role gigawatts 50 Natural Gas Coal 40 Renewables 30 Nuclear 20 10 0 2007-2010 2011-2015 2016-2020 2021-2025 2026-2030 AEO2008 Press Conference…
Natural gas generation is offset by growth in coal, nuclear and renewable generation billion kilowatthours 3,500 57 55 - percent of total 3,000 2006 2030: AEO2007 2,500 2030: AEO2008 49 2,000 1,500 17 16 1,000 15 20 19…
Strongest growth in renewable electricity generation is in biomass and wind billion kilowatthours 350 300 2030: AEO2007 250 2030: AEO2008 200 150 100 50 0 Hydropower Geothermal MSW Biomass Solar Wind AEO2008 Press…
U.S. electricity price follow pattern similar to delivered fuels used at power plants 2006 cents per kilowatthour 12 10 8 6 AEO2008 AEO2007 4 2 History Projection 0 1970 1980 1990 2000 2010 2020 2030 AEO2008…
Total CO2 emissions in 2030 are down in AEO2008 with decline in energy consumption million metric tons Electricity 3,500 Total Carbon Dioxide Emissions 8,000 Coal Natural Gas 3,000 7,000 Petroleum AEO2007 2030 2,500 6,000…
Annual Energy Outlook 2008 reference case indicates that through 2030.... U.S. energy demand grows at an average annual rate of 0.9 percent The energy efficiency of the economy improves at an average annual rate of 1.6 percent U.S.…