Middle East Economic Survey

VOL. XLVIII

No 52

26-December-2005

SUPPLY/DEMAND

EIA Forecast To 2030 Sees High Crude Prices Impacting US Imports And Fuel Choices

The Energy Information Administration (EIA) of the US Department of Energy has increased its predicted crude oil prices in the period to 2030 in the light of recent market trends, and now sees the country relying less on crude oil imports than earlier predicted, and more on domestic production and non-conventional fuels. In the Annual Energy...