US Annual Energy Outlook 2012 published by EIA

June 29, 2012 |

In Washington, the US Energy Information Administration released its Annual Energy Outlook for 2012. Among changes in this year’s Outlook, an updated Reference case was included as part of this complete report, to incorporate modeling changes and reflect new legislation or regulation that was not available when the Early Release Overview version of the Reference case was published. The California Low Carbon Fuel Standard (LCFS) was removed from the final Reference case, given the Federal court ruling in December 2011 that found some aspects of it to be unconstitutional.

According to the Outlook, much of the projected decline in the net import share of energy supply is accounted for by liquids. Although U.S. consumption of liquid fuels continues to grow through 2035 in the Reference case, reliance on petroleum imports as a share of total liquids consumption decreases. Total U.S. consumption of liquid fuels, including both fossil fuels and biofuels, rises from about 18.8 million barrels per day in 2009 to 21.9 million barrels per day in 2035 in the Reference case. The import share, which reached 60 percent in 2005 and 2006 before falling to 51 percent in 2009, falls to 42 percent in 2035

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Category: Research

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