3 ms·
US EIA Predicts U.S. Increase in Fossil Use Through 2050 [pdf]
- boplicity 4y agoThis report seems to indicate that U.S. oil production has a strong chance of increasing through 2050 -- and that oil use has a strong chance of increasing, or, at best, staying flat. This is true even if phovaltaics get cheaper, and "energy intensity" across industry gets much better. One of the interesting points: They think fossil fuel extraction will go down if oil prices go down. We're clearly heading in the other direction: further incentivizing increased extraction rates by oil companies.