EIA Publishes AEO2014 Reference Case

by Erin Voegele (Ethanol Producer Magazine) The U.S. Energy Information Administration has published the early release of its Annual Energy Outlook 2014 (AEO2014), increasing its projections for biomass energy and other renewables. The analysis also predicts increased consumption of biofuels through 2022.
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The report revises the production outlook for nonpetroleum other liquids to levels lower than predicted last year. The category includes gas-to-liquids-, coal-to-liquids, biomass-to-liquids, and pyrolysis. According to the EIA, more recent experience with these emerging technologies has indicated higher costs than previously assumed.
Regarding transportation fuels, the AEO2014 reference case predicts total U.S. consumption of petroleum and other liquids will increase from 35.9 quadrillion Btu in 2012 to 36.9 quadrillion Btu in 2018, and then decline to 35.4 quadrillion Btu in 2034. That consumption level is expected to remain relatively flat through 2040. Total consumption of domestically produced biofuels is shown to increase slightly through 2022, and then remain relatively flat. With the production tax credit for cellulosic biofuels currently scheduled to expire at the end of 2013, the EIA predicts that production of cellulosic biofuels remains below statuary targets through 2040. READ MORE and MORE (25 x '25) Download report