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U.S. electric capacity mix shifts from fossil fuels to renewables in AEO2023

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The U.S. power grid nearly doubles in capacity from 2022 to 2050 to meet increasing demand for electric power, and most newly built capacity will be from renewable energy technologies, according to most cases in our Annual Energy Outlook 2023 (AEO2023). Declining capital costs for solar panels, wind turbines, and ...

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U.S. natural gas consumption reached multiyear lows this past January and February

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Mild winter temperatures and reduced natural gas consumption in the residential and commercial sectors drove down overall U.S. natural gas consumption this past January and February, according to our Short-Term Energy Outlook (STEO). In January 2023, U.S. natural gas consumption averaged 106.8 billion cubic feet per ...

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

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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 ...

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

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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 ...

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

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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 ...

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Product Highlight: EIA’s Short-Term Energy Outlook

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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 ...

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

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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 ...

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

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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 ...

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In 2022, U.S. crude oil exports increased to a new record, 3.6 million barrels a day

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In 2022, U.S. crude oil exports averaged 3.6 million barrels per day (b/d), a record high according to export data that has been collected since 1920. U.S. crude oil exports in 2022 were 22% (640,000 b/d) higher than in 2021. Increased U.S. crude oil production, releases from the U.S. Strategic Petroleum Reserve, and ...

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U.S. natural gas production grew by 4% in 2022

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U.S. natural gas production grew by 4% (4.9 billion cubic feet per day ) in 2022, averaging 119 Bcf/d. Three regions—Appalachia, Permian, and Haynesville—accounted for 60% of all U.S. production in 2022, similar to the proportion in 2021.

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