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‹ Analysis & Projections

Annual Energy Outlook 2012

Release Date: June 25, 2012   |  Next Early Release Date: December 5, 2012  |   Report Number: DOE/EIA-0383(2012)

Issues in focus

Table 18. Petroleum supply, consumption, and prices in four cases, 2020 and 2035
    2020 2035
Projection 2010 Reference Low EUR High EUR High TRR Reference Low EUR High EUR High TRR
Low-sulfur light crude oil price (2010 dollars per barrel) 79 127 128 125 122 145 147 143 140
Total U.S. production of crude oil and natural gas plant liquids (million barrels per day) 7.5 9.6 8.8 10.3 11.6 9.0 8.1 10.0 11.8
Tight oil 0.4 1.2 0.9 1.5 2.2 1.2 0.7 1.7 2.8
Natural gas plant liquids 2.1 2.9 2.6 3.1 3.6 3.0 2.7 3.3 4.0
Other U.S. crude oil 5.1 5.5 5.3 5.6 5.7 4.8 4.8 4.9 5.0
Tight oil share of total U.S. crude oil and NGPL production (percent) 5 12 10 15 19 14 9 17 23
U.S. net import share of petroleum product supplied (percent) 50 37 41 34 27 36 41 32 24