The Outlook for Energy and Natural Gas Markets Guy F. Caruso Administrator Energy Information Administration Natural Gas Roundtable Washington, DC March 18, 2008
Annual Energy Outlook 2008 reference case indicates that through 2030.... Traditional fossil fuels are expected to continue to meet the bulk of energy requirements over the projection period U.S. energy demand is projected to grow at…
World oil prices are expected to decline, then rise 2006 dollars per barrel 125 History Projections 100 High Price 75 Reference 50 Low Price 25 0 1980 1990 2000 2010 2020 2030 Annual Energy Outlook 2008
Liquid fuels continue to dominate primary energy consumption in the United States quadrillion Btu 50 History Projections 40 Liquid Fuels 30 Coal Natural Gas 20 Renewables 10 Nuclear 0 1960 1970 1980 1990 2000 2010…
Transportation is the largest end-use consuming sector, although the commercial sector has the fastest growth quadrillion Btu 35 2006 30 2030 25 20 15 10 5 0 Residential Commercial Industrial Transportation Annual…
Natural gas consumption in the electric power sector declines after the next 10 years trillion cubic feet 10 History Projections Industrial* 8 Electric Power 6 Residential 4 Commercial 2 Transportation** 0 1990…
Dependence on natural gas net imports declines slightly trillion cubic feet 30 History Projections 25 Consumption Net Imports 14% 20 16% Production 15 Natural Gas Net Imports, 2006 and 2030 (trillion cubic feet) 4 2006 10…
Unconventional natural gas production will account for nearly half of domestic supply trillion cubic feet 10 History Projections Lower 48 Non-Associated Unconventional 8 6 Lower 48 Non-Associated Offshore Lower 48…
The major sources of incremental U.S. natural gas supply will be unconventional gas, Alaska, and LNG trillion cubic feet 25 22 Growth in Alaskan Production Growth in Non-Associated Unconventional Growth in LNG Imports 19…
Tight sands formations will dominate unconventional gas production, but shales grow rapidly trillion cubic feet 7 History Projections 6 Tight Sands 5 4 3 2 Coalbed Methane 1 Gas Shales 0 1990 1995 2000 2005 2010 2015…
Net pipeline imports fall as supplies from Canada decline and exports to Mexico increase; LNG imports grow rapidly trillion cubic feet 4 History Projections 3 Canada 2 Overseas LNG 1 0 Mexico -1 1990 1995 2000 2005 2010…
LNG imports from new terminals will soon outpace imports from existing terminals trillion cubic feet 2.0 History Projections 1.5 New Terminals 1.0 Existing Terminals 0.5 0.0 1990 2000 2010 2020 2030 Annual…
Natural gas wellhead prices will decline before rising again 2006 dollars per thousand cubic feet 8 History Projections 7 6 5 4 3 2 1 0 1970 1980 1990 2000 2010 2020 2030 Annual Energy Outlook 2008
U.S. electricity demand growth has been trending downward 12% Annual History Growth Projections 1950s 9.0% 10% 1960s 7.3% 1970s 4.2% 1980s 3.1% 8% 1990s 2.4% 2000-2005 1.2% 6% 2005-2030 1.1% 4% 2% 0% 1950 1960…
Coal remains the largest source of electricity generation billion kilowatthours 3,000 History Projections 2,000 Coal 1,000 Natural Gas Nuclear Renewables Petroleum 0 1980 1990 2000 2005 2010 2020 2030 Annual Energy…
Coal and renewables gain larger shares of electricity generation, but nuclear generation also increases billion kilowatthours 3,000 54 - percent of total 49 2,000 2006 2030 1,000 18 19 20 14 13 10 2 1 0 Coal Nuclear…
Most generation capacity additions are coal in the later years of the projection gigawatts Natural Gas 40 Coal Renewables 30 Nuclear 20 10 0 2007-2010 2011-2015 2016-2020 2021-2025 2026-2030 Annual Energy Outlook…
Periodic Reports Petroleum Status and Natural Gas Storage Reports, weekly Short-Term Energy Outlook, monthly Annual Energy Outlook 2008, March 2008, full report, April 2008 International Energy Outlook 2007, May 2007, next update June…
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