US EIA’s short-term energy outlook released today
The US Energy Information Administration (EIA) came out with its short-term energy outlook today. Highlights of the EIA’s findings include a projection that the West Texas Intermediate (WTI) spot price, which ended July at more than $78 per barrel, will average $81 per barrel in the fourth quarter of 2010 and $84 per barrel in 2011.
The EIA also expects regular-grade motor gasoline retail prices, which averaged $2.35 per gallon last year, will average $2.77 per gallon over the second half of 2010, up one cent per gallon from the average for the first half of the year.
Also of note is the estimated US carbon dioxide (CO2) emissions from fossil fuels, which declined by 7% in 2009, are expected to increase by 3.4% and 0.8% in 2010 and 2011, respectively, as economic growth spurs higher energy consumption. However, even with these increases, projected emissions remain below their level in any year from 1999 through 2008.
To read the entire short-term forecast, click on the following link:
http://www.eia.doe.gov/emeu/steo/pub/contents.html
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