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

The U.S. Energy Information Administration (EIA) will release updated projections of future U.S. energy production and use in its Annual Energy Outlook 2020 (AEO2020) today at 11:00 a.m. ET. The AEO2020 Reference case, which serves as a baseline for exploring the effects of different assumptions about the economy, policy, and technology, projects renewables to be the fastest-growing source of electricity generation through 2050, driven by continued declines in the capital costs for solar and wind technologies. Slow growth in U.S. energy consumption, as a result of continued increases in energy efficiency, and technologically enabled growth in domestic oil and natural gas production lead the United States to remain a net energy exporter through 2050.
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