EIA Annual Energy Outlook 2014

July 20, 2014 at 1:26 PM

c This comprehensive analysis from the U.S. Energy Information Administration offers projections of America's energy supply, demand and pricing through 2040.

The 258-page report predicts that 2% annual gains in fuel efficiency for passenger cars and light trucks will more than offset an expected increase in vehicle miles traveled, leading to a "sharp decline" in energy use by light-duty vehicles. The agency says an aging population that drives less will moderate growth in overall miles driven.

At the same time, growth in domestic oil and natural gas production will continue to reshape the U.S. energy economy. EIA predicts availability of low-priced natural gas will drive growth in industrial production for the next 10-15 years.