Long-Term Energy Market Trends Guy Caruso Administrator Energy Information Administration 2007 Pepper Hamilton Energy Conference April 19, 2007 www.eia.doe.gov 1
Annual Energy Outlook 2007 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 Price, 1980-2030 (2005 dollars per barrel) 100 History Projections High Price 80 Reference 60 40 Low Price 20 0 1980 1990 2000 2010 2020 2030 Annual Energy Outlook 2007 3
U.S. Primary Energy Consumption by Fuel, 1960-2030 (quadrillion Btu) 60 History Projections Liquid Fuels & Other Petroleum 50 40 Coal 30 Natural Gas 20 Nuclear 10 Renewables 0 1960 1970 1980 1990 2000 2010 2020…
U.S. Energy Use per Capita and per Dollar of Real Gross Domestic Product, 1970-2030 (index, 1970 = 1) 1.2 History Projections 1.0 per capita 0.8 per dollar real GDP 0.6 0.4 0.2 0.0 1970 1980 1990 2000 2010 2020…
Consumption of Liquids and Other Petroleum Products by Sector, 1970-2030 (million barrels per day) 20 History Projections Transportation 15 10 5 Industrial Residential and Commercial Electric Power 0 1970 1980…
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 Annual…
U.S. Petroleum/Liquids 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…
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…
U.S. Natural Gas Consumption by Sector, 1990-2030 (trillion cubic feet) History 10 Projections Industrial* 8 Electric Power 6 Residential 4 Commercial 2 Transportation** 0 1990 2000 2005 2010 2020 2030 * Includes…
U.S. Natural Gas Production, Consumption, and Net Imports, 1960-2030 (trillion cubic feet) 30 History Projections 25 Consumption Net Imports 21% 20 16% Production 15 Natural Gas Net Imports, 2005 and 2030 (trillion cubic…
Major Sources of Incremental U.S. Natural Gas Supply, 2006-2030 (trillion cubic feet) 28 26 Growth in Alaskan Production 24 Growth in LNG Imports 22 20 Growth in Non-Associated Unconventional 18 Base Production (all…
U.S. Natural Gas Wellhead Price, 1970-2030 (2005 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 2007 13
U.S. Coal Consumption by Sector, 2005, 2010, 2020, and 2030 (quadrillion Btu) 40 35.0 30 27.5 24.2 Electric 22.8 Power 20 10 Coal to Liquids Other 0 2005 2010 2020 2030 Annual Energy Outlook 2007 14
U.S. Coal Minemouth Price, 1970-2030 (2005 dollars per million Btu) 2.50 History Projections 2.00 1.50 1.00 0.50 0.00 1970 1980 1990 2000 2010 2020 2030 Annual Energy Outlook 2007 15
U.S. Electricity Generation by Fuel, 1980-2030 (billion kilowatthours) History Projections 3,000 Coal 2,000 Natural Gas 1,000 Nuclear Renewables Petroleum 0 1980 1990 2000 2005 2010 2020 2030 Annual Energy…
U.S. Electricity Generating Capacity, including Combined Heat and Power, 2005-2030 (gigawatts) 1,200 New Nuclear New Renewable New Coal Needed 1,000 Capacity New Natural Gas Existing Other Fossil Steam 800 Existing Combustion…
U.S. Electricity Generation Capacity Additions by Fuel, 2006-2030 (gigawatts) 60 Natural Gas Coal Renewables 40 Nuclear 20 0 2006-2010 2011-2015 2016-2020 2021-2025 2026-2030 Annual Energy Outlook 2007 19
U.S. Energy-Related Carbon Dioxide Emissions, 1980-2030 (million metric tons) 9,000 History Projections 8,000 7,000 7,950 in 2030 5,945 in 2005 6,000 6,944 in 2020 6,214 in 2010 5,000 Carbon Dioxide Emission Intensity,…
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 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 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 Proved Oil Reserves, as of January 1, 2007 (billion barrels) Middle East 739 North America 213 Africa 114 Central & South America 103 Eurasia 99 World Total = 1,317 billion barrels Asia 33 Europe 16 0 200 400 600…
World Natural Gas Consumption, 2003, 2015, and 2030 (trillion cubic feet) 120 108 100 OECD 80 Non-OECD 74 72 63 60 50 45 40 20 0 2003 2015 2030 North America OECD Europe OECD Asia Non-OECD Europe and Eurasia Non-OECD…
World Natural Gas Reserves, as of January 1, 2007, and Cumulative Consumption, 2003-2030 (trillion cubic feet) Middle East Reserves Cumulative Consumption, 2003-2030 Russia Africa Asia World Natural Gas Reserves = 6,183…
Periodic Reports Petroleum Status and Natural Gas Storage Reports, weekly Short-Term Energy Outlook, monthly Annual Energy Outlook 2007, February 2007 International Energy Outlook 2006, June 2006, next issue May 2007 Examples of…