Publisher's Synopsis
The Annual Energy Outlook 2009 (AEO 2009), prepared by the Energy Information Administration (EIA), presents long-term projections of energy supply, demand, and prices through 2030, based on results from EIA's National Energy Modeling System (NEMS). The report begins with an "Executive Summary" that highlights key aspects of the projections. It is followed by a "Legislation and Regulations" section that discusses evolving legislation and regulatory issues, including a summary of recently enacted legislation, such as the Energy Improvement and Extension Act of 2008 (EIEA 2008). The next section, "Issues in Focus," contains discussions of selected topics, including: the impacts of limitations on access to oil and natural gas resources on the Federal Outer Continental Shelf (OCS); the implications of uncertainty about capital costs for new electricity generating plants; and the result of extending the Federal renewable production tax credit (PTC). It also discusses the relationship between natural gas and oil prices and the basis of the world oil price and production trends in AEO 2009.
