Low flow impacts

In its Annual Energy Outlook 2012 (AEO2012), the US Energy Information Administration presents three scenarios for oil markets: a high oil price case, a reference case, and a low oil price case. In the low oil price case, crude oil prices in 2035 are $62/bbl (in 2010 dollars) vs. $145/bbl in the reference case and $200/bbl in the high oil price case. The outlook includes an examination of not only the impact of low prices on oil output, but also the potential impact of minimum pipeline throughput constraints on production, particularly that from Alaska's North Slope. Oil production on the ANS has been declining since 1988, when average production peaked at 2 million b/d; output in 2011 av...

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