U.S. May Draw on Imports for 70 Percent of Oil by 2025

Import dependency dependent on numerous factors.

Published: 16-Jan-2003

U.S. dependence on oil imports will grow over the next 22 years,
according to DOE's Energy Information Administration (EIA).
Currently, the United States relies on imports to meet 55 percent of
its petroleum needs, but by 2025, the EIA projects that percentage
will grow to at least 65 percent and perhaps as high as 70 percent.
In its Annual Energy Outlook 2002, released last week, the EIA
projects that a growing consumer appetite for large vehicles with
poor fuel economies will cause the U.S. consumption of energy for
transportation to increase 63 percent by 2025, an increase that
cannot be met with domestic energy sources.

A similar trend is evident in residential energy consumption, which
is projected to grow 26 percent by 2025. According to EIA, using the
best available technologies would essentially halt that growth in
energy use. To meet the growing U.S. demand for natural gas, the EIA
assumes that an Alaskan natural gas pipeline and a pipeline in
Canada's MacKenzie Delta will both be built, as well as several
facilities for importing liquefied natural gas (LNG). See the EIA
press release at: www.eia.doe.gov/neic/press/press205.html;.

Turning to the full report, the EIA projects that renewable energy
use will grow at an average rate of 2.2 percent per year through
2025, primarily due to state mandates for renewable electricity
generation. About 55 percent of the projected demand for renewable
energy in 2025 is for electricity generation and the rest is for
distributed heating and cooling, industrial uses (including combined
heat and power), and fuel blending with ethanol. See the full
report, a 1.96-MB PDF file, on the EIA Web site at:
www.eia.doe.gov/oiaf/aeo/pdf/0383(2003).pdf.

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