US demand for energy to keep falling—but not for natural gas

07/02/2012
Marilyn Radler Senior Editor-Economics Laura Bell Statistics Editor Total US energy demand in 2012 will decline for the second consecutive year as economic sluggishness and high unemployment continue to reduce energy consumption and stimulate energy-use efficiency. Shrinking oil and coal consumption will cause total US energy demand to contract by 1%. Natural gas demand will remain robust, though, in light of low prices and coal plant retirements. US production of natural gas is on track to post another annual increase. Oil prices face downward pressure from elevated output in unconventional deposits in the US and from greater production by members of the Organization of Petroleum Exporti...
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