Highlights Of The U.S. Annual Energy Outlook For 2014

  • Growing domestic production of natural gas and crude oil continues to reshape the U.S. energy economy, with crude oil production approaching the historical high achieved in 1970 of 9.6 million barrels per day.
  • Low natural gas prices boost natural gas-intensive industries such as petrochemical manufacturing.
  • Natural gas overtakes coal to provide the largest share of U.S. electric power generation.
  • Higher natural gas production also supports increases in exports of both pipeline and liquefied natural gas.
  • With strong growth in domestic crude oil and natural gas production, U.S. use of imported fuels falls sharply.
  • Improved efficiency of energy use in the residential and transportation sectors and a shift away from carbon-intensive fuels for electricity generation will keep U.S. energy-related carbon dioxide emissions below their 2005 level through 2040.
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Read the Executive Summary of the DOE's Annual Energy Outlook for 2014...