The U.S. Energy Information Administration (EIA) is sticking with its previous projections that demand for domestic oil will decline in the next decade, while natural gas production flatlines, and non-nuclear renewable energies continue to grow. However, it noted that the April document is based on “assumptions” that have been dramatically altered since President Donald Trump returned to the White House.
According to the EIA’s 2025 Annual Energy Outlook posted on April 15, U.S. oil production is predicted to peak in 2027 before production declines in the 2030s with demand nearly 1 percent less in 2050 than it is now.
In fact, the EIA said its analysts gamed out in developing the outlook that overall, “U.S. energy consumption in 2050 is lower than in 2024 in most of the scenarios,” which varies little from its 2023 and 2024 versions….