‹ Analysis & Projections

Annual Energy Outlook 2012

Release Date: June 25, 2012   |  Next Early Release Date: January 23, 2013  |   Report Number: DOE/EIA-0383(2012)

Economic Activity AEO 2011Trends in economic activity

exec summary 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

Mkt trends 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