Friday, February 9, 2018

EIA Has Released Its 2018 Annual Energy Outlook

Link here.

Many, many data points and many graphics, of course. This one is most interesting -- note that the "outlook" goes out to 2050. It appears that the EIA assumes that California, Washington (state), North Carolina, Maine, et al will ban off-shore drilling and that Alaska will be less than extraordinary. I assume much of the "other" (dark brown) is from the Gulf of Mexico.

The other thing that jumps out at me is in the graphic to the left, the "reference" case. That graphic includes data from 2000 to 2016 (which the two graphics to the right do not): look how much crude oil from shale jumped from 2000 (less than 1 million bopd) to 2016 (almost 6 million bopd). By 2050, the amount of crude oil from shale could more than double (from about 6 million bopd to 15 million bopd).


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