This annual report from the US Energy Information Administration assesses how US and world energy markets will operate through 2050, based on many key assumptions. Modeled projections are provided, as are comparative side cases (i.e., high/low oil & gas) when important model assumptions are changed. The US is projected to become a net energy exporter starting in 2020. Energy efficiency will keep US energy consumption relatively flat even as the economy continues to expand. This paper is relevant for anyone monitoring the energy sector.
Key words: market sizing, natural gas, research & development, oil, renewables, electricity generation