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...