EIA’s Annual Energy Outlook sees winds of change

The Annual Energy Outlook 2016 indicates that natural gas will lead U.S. production into 2040; clean electrical generation is expected to increase, however.

05/17/2016


The Energy Information Agency’s (EIA) projections for energy production and consumption into 2040 shows increases for natural gas and renewables, a leveling off of consumption for petroleum and a sharp decrease for both production and consumption for coalAn early release of the Energy Information Administration (EIA) Annual Energy Outlook 2016 suggests an increase in the availability of more electricity through wind and solar generation through 2040 than in prior projections.

The EIA's annual report, which will not be finalized until July, is based on two sets of projections—one that includes implementation of the Clean Power Plan (CPP) that was proposed by the Obama Administration in August 2015 and stayed by the U.S. Supreme Court in February 2016, and another case in which that rule is not implemented.

In either scenario, wind and solar energy generation will continue to increase through the 2020s, due to what an EIA press release said were, "The extensions of tax credits for these technologies enacted in December (2015) and lower estimates of their capital costs than in previous projections."

The Outlook's projection for U.S. energy production shows that natural gas will continue to increase from just under 30 quadrillion Btus today to around 42 quadrillion Btus by 2040. Crude oil and condensate production also are projected to increase, but at a much slower rate.

On the consumption side, the EIA Outlook shows petroleum and other oil-based liquid to level off throughout the next 25 years while the consumption of natural gas and renewables will be on the increase. On both the production and consumption side, coal will continue to decline into 2040.

Still, the EIA's projections are subject to the winds of change in Washington and elsewhere. "EIA's approach to addressing the inherent uncertainty surrounding the country's energy future is to develop multiple cases that reflect different sets of internally consistent assumptions about key sources of uncertainty such as future world oil prices, macroeconomic growth, energy resources, technology costs, and policies," said EIA administrator Adam Sieminski. "The energy sector has always been dynamic and undoubtedly will continue to change in the future. In creating the (Annual Energy Outlook), EIA has tried to make its projections as objective, reliable, and useful as possible."

ONLINE extra

See additional stories from the EIA linked below.



The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by Control Engineering subscribers. Vote now (if qualified)!
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
DCS visibility, alarm management, motors and drives, robotic machining, Engineers' Choice winners
Factory automation controllers, Ethernet updates, System Integrator of the Year roundtable, Inside Process and VFDs
Robotic simulation and welding, Process building blocks, Discrete sensor advice, Virtualization advice
Programmable logic controllers (PLCs) represent the logic (decision) part of the control loop of sense, decide, and actuate. As we know, PLCs aren’t the only option for making decisions in a control loop, but they are likely why you’re here.
This digital report explains how plant engineers and subject matter experts (SME) need support for time series data and its many challenges.
This article collection contains several articles on how advancements in vision system designs, computing power, algorithms, optics, and communications are making machine vision more cost effective than ever before.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Focus on power systems, process safety, electrical and power systems, edge computing in the oil & gas industry
Product of the Year winners, Pattern recognition, Engineering analytics, Revitalize older pump installations
Control room technology innovation; Practical approaches to corrosion protection; Pipeline regulator revises quality programs
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by Control Engineering subscribers. Vote now (if qualified)!
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
DCS visibility, alarm management, motors and drives, robotic machining, Engineers' Choice winners
Factory automation controllers, Ethernet updates, System Integrator of the Year roundtable, Inside Process and VFDs
Robotic simulation and welding, Process building blocks, Discrete sensor advice, Virtualization advice
Programmable logic controllers (PLCs) represent the logic (decision) part of the control loop of sense, decide, and actuate. As we know, PLCs aren’t the only option for making decisions in a control loop, but they are likely why you’re here.
This digital report explains how plant engineers and subject matter experts (SME) need support for time series data and its many challenges.
This article collection contains several articles on how advancements in vision system designs, computing power, algorithms, optics, and communications are making machine vision more cost effective than ever before.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Focus on power systems, process safety, electrical and power systems, edge computing in the oil & gas industry
Product of the Year winners, Pattern recognition, Engineering analytics, Revitalize older pump installations
Control room technology innovation; Practical approaches to corrosion protection; Pipeline regulator revises quality programs
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by Control Engineering subscribers. Vote now (if qualified)!
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
DCS visibility, alarm management, motors and drives, robotic machining, Engineers' Choice winners
Factory automation controllers, Ethernet updates, System Integrator of the Year roundtable, Inside Process and VFDs
Robotic simulation and welding, Process building blocks, Discrete sensor advice, Virtualization advice
Programmable logic controllers (PLCs) represent the logic (decision) part of the control loop of sense, decide, and actuate. As we know, PLCs aren’t the only option for making decisions in a control loop, but they are likely why you’re here.
This digital report explains how plant engineers and subject matter experts (SME) need support for time series data and its many challenges.
This article collection contains several articles on how advancements in vision system designs, computing power, algorithms, optics, and communications are making machine vision more cost effective than ever before.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Focus on power systems, process safety, electrical and power systems, edge computing in the oil & gas industry
Product of the Year winners, Pattern recognition, Engineering analytics, Revitalize older pump installations
Control room technology innovation; Practical approaches to corrosion protection; Pipeline regulator revises quality programs
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me