EIA Annual Energy Outlook 2017

The U.S. Energy Information Administration has released its annual energy outlook 2017. In their economic modeling exercises, some of the interesting things that happen are that oil demand stays relatively flat, natural gas demand continues to grow, coal continues to fall, and renewables continue to grow through 2040 although they don’t reach a higher share of the total supply than natural gas or oil. Carbon emissions fall or stay relatively flat in most scenarios, which is interesting but remember that flat emissions that are still too high will cause atmospheric greenhouse gases to continue growing at a steady rate. Some of the most interesting graphs are emissions intensity per dollar of economic output and emissions per unit of energy used, which both fall over time but again this does not guarantee that the atmosphere is healing itself, only becoming sicker at a slower rate.

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