EIA: US energy use will take years to reach pre-pandemic levels
‘It will take a while for the energy sector to get to its new normal,’ said Stephen Nalley, acting director of the Energy Information Administration, as he presented the government agency’s Annual Energy Outlook report
The EIA reference case sees US crude production rising above 13m bpd by 2025, peaking at 13.88m bpd in 2034, and holding steady while slowly beginning to fall in the latter half of the 2030s. The growth is driven almost entirely by shale oil, in particular the Permian Basin