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EIA Sees Some Clear Winners, Several Uncertainties in Long-Term Outlook for U.S. Energy
Industry Segment: Power | Word Count: 914 Words
Attachment: TechCost, EnergyProd, CrudeOilProd
SUGAR LAND--February 5, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--U.S. gross domestic product (GDP) will grow faster than energy consumption for the next three decades under the "reference" case in the U.S. Energy Information Administration's (EIA) Annual Energy Outlook report, released January 29. The ongoing decoupling of GDP growth from energy growth is due to energy-efficiency improvements enacted in recent decades, which have allowed the economy to grow faster than energy consumption, according to the EIA.
Within this article: Details from the EIA's energy outlook for the next three decades: a "modeled projection" of what could happen, given certain conditions, including the continued growth of renewables and the development of natural gas.
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