Friday, December 27, 2024
EIA’s Annual Energy Outlook 2020 projects consumption growing more slowly than production - Fig 4 - oilandgas360

EIA’s Annual Energy Outlook 2020 projects consumption growing more slowly than production

EIA The AEO2020 Reference case projects domestic energy demand to grow 0.3% per year on average through 2050, slower than the average annual growth of 1.9% in U.S. gross domestic product. This projection is largely driven by continued increases in energy efficiency in the end-use sectors The AEO2020 Reference case, which serves as a baseline for exploring the effects of