EIA's Annual Energy Outlook for 2017
Adam Sieminski, Administrator of the Energy Information Administration
January 5, 2017
Adam Sieminski of the Energy Information Administration (EIA) presented findings from the 2017 Annual Energy Outlook on US energy supply, demand and prices. The report includes data from different models based on varying future conditions to predict changes in oil, petroleum, natural gas, renewable, and nuclear energy consumption, production, and growth for the next 30 years.
Highlights of Sieminski’s presentation included the idea of the US becoming a major energy exporter, the movement to lower energy intensity, and consumption growth due to higher efficiency and higher renewable and natural gas production due to existing regulations. He emphasized that all models were influenced by unpredictable factors such as global political-economic considerations and the future of legislation like the Clean Power Plan. Furthermore, economic growth will also be an important factor in determining the level of energy demand.
Following his presentation which included a number of graphs and tables to illustrate the models’ predictions, Sieminski took a number of questions from the audience. These included queries on his predictions for the future of energy regulations including carbon limits and fracking, as well as requests for further details on aspects of the report's models such as regional variation in fuel demand and supply.