‹ Analysis & Projections
Annual Energy Outlook 2012
Release Date: June 25, 2012 | Next Early Release Date: January 23, 2013 | Report Number: DOE/EIA-0383(2012)
Trends in economic activity
Executive Summary
- The rate of growth in energy use slows over the projection period, reflecting moderate population growth, an extended economic recovery, and increasing energy efficiency in end-use applications....Read full section
- With modest economic growth, increased efficiency, growing domestic production, and continued adoption of nonpetroleum liquids, net imports of petroleum and other liquids make up a smaller share of total U.S. energy consumption ...Read full section
Market Trends
- Recovery in real gross domestic product growth continues at a modest rate...Read full section
- Slow consumption growth, fast investment growth, and an ever-improving trade surplus...Read full section
- Output growth for energy-intensive industries remains slow...Read full section
- Energy expenditures decline relative to gross domestic product and gross output...Read full section
- In the United States, average energy use per person declines from 2010 to 2035...Read full section
- Iron and steel and cement industries are most sensitive to economic growth rate...Read full section
- Energy use reflects output and efficiency trends in energy-intensive industries...Read full section
- Transportation equipment shows strongest growth in non-energy-intensive shipments...Read full section
- Nonmanufacturing and transportation equipment lead energy efficiency gains...Read full section
- Average minemouth price continues to rise, but at a slower pace than in recent years...Read full section