The Energy Information Administration has released its Annual Energy Outlook (AEO) 2019 with projections to 2050 . The purpose of the AEO is to provide long-range energy projections for the United States, based on a Reference case and six side cases that vary important underlying assumptions. The Reference case projection is the benchmark case. It assumes that known technologies continue to improve along recent trend lines. The economic and demographic trends that are used reflect the current views of leading forecasters. Two of the most important side cases are the High and Low Oil Price cases, which represent conditions that could collectively drive prices to extremes. The key takeaways from the AEO2019 are: The U.S. becomes a net energy exporter in 2020 and remains so through 2050 as a result of large increases in crude oil, natural gas, and natural gas plant liquids (NGPL) production and slower growth in […]