Dec. 11, 2006: U.S. to Shift From Petroleum Toward Coal by 2030
The EIA’s "Annual Energy Outlook 2007" projects ethanol use increasing from 4 billion gallons in 2005 to 14.6 billion gallons (about 8 percent of gasoline consumption by volume) by 2030. Only 300 million gallons of that are projected to come from cellulosic biomass sources; the rest will come from corn. Biodiesel use will also grow rapidly to 400 million gallons in 2030, up from 25 million gallons in 2005. But renewable fuels will also face competition from fossil energy sources, such as coal. Liquids derived from coal are expected to provide 5.7 billion gallons of fuels by 2030, according to the EIA. As a result, petroleum consumption is projected to only increase 20 percent by 2030, while the total energy consumption for transportation increases by nearly 40 percent.
Publication date: 12/11/2006