EIA releases complete Annual Energy Outlook 2014 report. (Credit: U.S. Energy Information Administration)The U.S. Energy Information Administration (EIA) released yesterday the full content of the Annual Energy Outlook 2014.
The report presents long-term annual projections of energy supply, demand, and prices focused on the U.S. through 2040, based on results from EIA’s National Energy Modeling System (NEMS). NEMS enables EIA to make projections under alternative, internally-consistent sets of assumptions, the results of which are presented as cases. The analysis in the Annual Energy Outlook 2014 focuses on five primary cases: a Reference case, Low and High Economic Growth cases, and Low and High Oil Price cases. Results from anumber of other alternative cases also are presented, illustrating uncertainties associated with the Reference case projections. EIA published an Early Release version of the AEO2014 Reference case in December 2013.
The complete report includes a Legislation and Regulations section that discusses evolving policies incorporated in the projections, a Market Trends section that highlights projections for energy demand, supply, and prices, a comparison of the AEO2014 Reference case with projections from other organizations, and descriptions of the 29 alternative cases completed as part of the Annual Energy Outlook 2014.
The projections in the U.S. Energy Information Administration’s Annual Energy Outlook 2014 focus on the factors that shape the U.S. energy system over the long term. Under the assumption that current laws and regulations remain unchanged throughout the projections, the AEO2014 Reference case provides the basis for examination and discussion of energy production, consumption, technology, and market trends and the direction they may take in the future. It also serves as a starting point for analysis of potential changes in energy policies.
The report is available for download on the EIA’s web site. (Direct link to the document.)
