U.S. to remain net energy exporter through 2050
Wednesday, January 29, 2020
The United States is expected to continue to be a net exporter of energy through 2050 as energy consumption grows at a slower rate than energy production, according to new projections from the U.S. Energy Information Administration (EIA). The EIA released its Annual Energy Outlook 2020, showing its baseline, or reference case, projections.
“We see renewables as the fastest-growing source of electricity generation through 2050 as cost declines make them economically competitive beyond the expiration of existing federal and state policy supports,” said EIA Administrator Linda Capuano. “With continued technologically enabled growth in domestic oil and natural gas production, we see the United States remaining a net exporter of energy for some time.”