EIA hikes estimate of US energy demand in 2020

The US Energy Information Administration has ratcheted up its estimate of US energy demand in 2020.The agency now projects US energy demand will rise to 127 quadrillion btu (quads) in 2020 from 96 quads in 1999. That's an increase of 5% from its forecast a year ago.EIA cited a boost in its estimate of US economic growth to an average 3%/year through 2020 vs. its forecast of 2.1%/year for the period made a year ago.ChangesEIA said that although part of the upward revision was due to definitional changes, the projections reflect a more optimistic view of long-run economic growth in the US."Higher projected growth means that energy demand in 2020 is projected to be 6 [quads] higher than ...

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