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EIA: Fossil fuels will provide same 86% share in 2030

The Energy Information Administration (EIA) forecasts continuing strong demand for fossil energy. EIA's just-released Annual Energy Outlook 2007 states: “Despite the projected rapid growth of biofuels and other non-hydroelectric renewable energies and the expectation of the first new orders for nuclear power plants in over 25 years, oil, coal, and natural gas are nonetheless projected to provide roughly the same 86 percent share of the total U.S. primary energy supply in 2030 as they did in 2005 absent changes in existing laws and regulations.” This is all the more surprising given that EIA also projects ethanol use to grow "from 4 billion gallons in 2005 to 11.2 billion gallons in 2012 and 14.6 billion gallons (about 8 percent of total gasoline consumption by volume) in 2030," and projects real world crude oil prices in 2030 "to reach over $59 per barrel in 2005 dollars, or about $95 per barrel in nominal dollars." To view EIA's press release: Click Here; To view the report: Click Here