[T]he federal Energy Information Administration (EIA) recently released a preliminary version of its Annual Energy Outlook 2005, and it paints a surprisingly optimistic picture for the decades ahead.For extra amusement: The title of the column is "America Is Not Facing an Unavoidable Energy Shortage."
With regard to petroleum, EIA acknowledges that global demand will remain strong, especially with China's growing need for motor fuels unlikely to subside. Nonetheless, the report does not predict runaway prices. Demand may be increasing, but EIA believes that the global supply can expand to meet it. Under one set of assumptions, EIA projects that the inflation-adjusted price "rises slowly to $30.31 per barrel in 2025." Under another set of assumptions, the price reaches $35 per barrel by 2025 -- still less than the current price and in line with the average over the last few years. If true, then the inflation-adjusted price at the pumps should stay below $2.00 per gallon for a long time.
Late Night Open Thread: Elon’s Latest Public Tantrum
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I guess “White Party” was just too on the nose? [image or embed] — Aubrey
Hirsch (@aubreyhirsch.bsky.social) July 6, 2025 at 12:57 PM === Everybody
be qu...
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