U.S. associated natural gas production will likely grow through 2050 in our AEO2023

In our Annual Energy Outlook 2023 (AEO2023), natural gas production from oil formations, known as associated natural gas, grows across most cases through 2050, continuing a long-term trend. In the AEO2023 Reference case, we project that associated natural gas will account for approximately 20% of total U.S. natural gas production over that period, and we examined cases in AEO2023 where it makes up as much as 32% of production. More »

Mild temperatures reduced U.S. household heating fuel consumption last winter

We estimate that U.S. households consumed less heating oil this winter heating season because of warmer-than-expected temperatures than we estimated at the beginning of the winter heating season. Combined with stable heating oil prices, our current estimate of average household heating costs for this winter is lower compared with our forecast in the Winter Fuels Outlook (WFO), a supplement to the October 2022 Short-Term Energy Outlook (STEO). Since October, our estimates of heating oil consumption fell by 9% and prices by 2%. More »

EIA explores effects of Inflation Reduction Act on the Annual Energy Outlook

In 2050, we project that total U.S. solar capacity, which includes both utility-scale solar and rooftop solar in the commercial and residential sectors, could range from 532 gigawatts (GW) to 1,399 GW. In our Annual Energy Outlook 2023 (AEO2023), we present 16 scenarios, or cases, that project long-term energy trends in the United States through 2050. More »

Product Highlight: EIA's Short-Term Energy Outlook

Our Short-Term Energy Outlook (STEO) publication provides near-term energy data, analysis, and forecasts. Each month, the STEO provides forecasts from the time of publication through December of the next calendar year. The STEO forecasts consumption, production, trade, and prices across major fuel types and also provides in-depth analysis for crude oil, petroleum products, and natural gas markets. Although its focus is on U.S. energy markets, the STEO also forecasts certain international liquid fuels. More »

U.S. production of petroleum and other liquids to be driven by international demand

Strong continuing international demand for petroleum and other liquids will sustain U.S. production above 2022 levels through 2050, according to most of the cases we examined in our Annual Energy Outlook 2023 (AEO2023). We project that the United States will continue to be an integral part of global oil markets and a significant source of supply in these cases, as increased exports of finished products support U.S. production. More »

U.S. energy consumption increases between 0% and 15% by 2050

Consumption of all forms of energy increases in the United States between 0% and 15% from 2022 to 2050 in our Annual Energy Outlook 2023 (AEO2023). Our projection of growth in U.S. energy consumption is the result of the effects of economic growth, population growth, and increased travel offsetting continued energy efficiency improvements. More »