Farm Industry News Blog

Fossil fuel, renewable fuel shares expected to flip flop

Consumption of fossil fuels and renewable fuels will flip flop over the next two decades, according to projections by the U.S. Energy Information Administration.

 

Fossil fuel’s share of total energy use is expected to fall five percent by the year 2035, with renewable fuel picking up that five percent share, suggests the U.S. Energy Information Administration (EIA) in the newly released Annual Energy Outlook – 2011. For more, visit www.eia.gov/forecasts/aeo/

 

The EIA has forecasted consumption of all liquid fuels to rise by one-half percent per year between 2009 and 2035, “with most of the increase accounted for by biofuels.” The EIA adds that biodiesel, E85 and blends will account for 54 percent of the growth in liquid fuels consumed between 2009 and 2035.

 

Interestingly, the EIA also estimates that the net import share of total U.S. energy consumption in 2035 will be about 17 percent, down significantly from 24 percent in 2009. This is because most biofuels are produced domestically.

 

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