Federal Government Releases Energy Outlook Report

The Energy Information Administration today released the Annual Energy Outlook 2006 (AEO2006) full report on its Web site. In preparing projections for the AEO2006, EIA evaluated a wide range of trends and issues that could have major implications for U.S. energy markets between now and 2030.

The report examines energy use over multiple scenarios, including lower and higher economic growth cases, and lower and higher energy price cases. In total, the report presents information on over 30 alternative cases.

Examples include cases that examine the impact of greater and slower improvement in energy technologies — end-use, electric generation, renewable, exploration and production — cases with more rapid reductions in nuclear costs, cases with the more rapid or slower introduction of liquefied natural gas supplies, and cases that open the coastal plain of the Arctic National Wildlife Refuge to exploration and development. These cases provide the user of the AEO2006 with a better appreciation of the full range of uncertainty that surrounds long-term energy projections.

The report finds:

• U.S. energy demand is projected to grow at an average annual rate of 1.1 percent
  
• The energy efficiency of the economy is projected to increase at an average annual rate of 1.8 percent
• U.S. oil import reliance is projected to grow from 58 percent to 62 percent
  
• U.S. natural gas use is projected to peak around 2025
  
• Future growth in U.S. natural gas supplies depends on unconventional domestic production, natural gas from Alaska and liquefied natural gas imports
  
• Carbon dioxide emission from energy use are projected to grow at an average annual rate of 1.2 percent

The full AEO2006 report is available at the Energy Information Web site.

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