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EIA estimates for USA in 2050: The Future is Fossil Fuels and Cheap Electricity

EIA estimates for USA in 2050: The Future is Fossil Fuels and Cheap Electricity

What energy transformation?

The EIA Annual Energy Outlook 2018 is out. The hard heads at the US Dept of Energy crunched the numbers, assumed technology will improve, and modeled the outcomes. According  to their best estimates (and even their “worst” estimates) thirty years from now, the main energy source for the US is natural gas and fossil fuels. Renewables grows from 5% to 14%, but coal, nukes, hydro stays about the same. When the Australian Greens say “we don’t want to be left behind”, the answer is “Exactly! So explore for gas! Use Nukes!”

The World’s largest economy will still be nearly 80% fossil fueled in 2050.

On the road, most people are still using gasoline cars, and here’s the kicker — electricity prices are still at about 11 cents per kilowatt hour. Weep all ye Australians, Brits, Germans and other who would be grateful if electricity only rose 10% a year, not 10% over 30 years.

How much does an interconnector cost from Townsville to Texas?  ;-)

h/t Paul Homewood who has quoted Mark Perry from AEI:

Despite all of the hype, hope, cheerleading, fuel standards, portfolio standards, and taxpayer subsidies for renewable energies like wind and solar, America’s energy future will still rely primarily on fossil fuels to power our vehicles, heat and light our homes, and fuel the US economy.

EIA, 2018, Graph, Total energy use projections.

EIA, 2018, Graph, Total energy use projections.

Electricity prices are dirt cheap and will stay that way:

EIA, 2018, Graph, Total energy use projections.

EIA, 2018, Graph, Electricity Prices, projections.

Of the renewables, only  solar PV is forecast to increase. Wind stays the same; Hydro stays the same; Geothermal is still tiny.

Big-solar does not even rate a mention.

EIA, 2018, Graph, Renewables use projections.

Which renewables are growing?

The Big Picture

Renewables, a small non-essential part that isn’t going to change much.

EIA, 2018, Graph, Industrial energy use projections.

Industrial energy use will be … about the same mix.

Electric Vehicles? Spot the green sliver:

Not the car transition some are expecting.

EIA, 2018, Graph, transportation, projections.

EIA, 2018, Graph, Total energy use projections.

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