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HomeSTEO (Short-Term Energy Outlook)

STEO (Short-Term Energy Outlook)

Big Oil Companies

Renewable Energy’s Real Cost to Consumers

August 27, 2025 Clark Savage

Daily Standup Top Stories The True Cost of Renewable Energy and the Impact on Consumers’ Electrical Bills What does the EU, UK and ERCOT have in common? Stu Turley Climate change supporters and their media […]

EIA News

EIA expects record U.S. natural gas consumption in 2025

August 26, 2025 Stu Turley

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), August 2025 Data values: U.S. Natural Gas Supply, Consumption, and Inventories We forecast natural gas consumption in the United States will increase 1% to set a record of 91.4 billion cubic […]

Crude Oil News

EIA increases oil price forecast following OPEC+ production cut extension

March 22, 2024 Clark Savage

We increased our forecast prices for crude oil and petroleum products for the remainder of 2024 in our March Short-Term Energy Outlook (STEO) following the announcement that OPEC+ will extend the existing voluntary production cuts through the second quarter of 2024. […]

U.S. coal exports
EIA News

In most U.S. regions, 2024 wholesale electricity prices will be similar to 2023

January 24, 2024 Stu Turley

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2024 We expect average wholesale electricity prices for 2024 in most areas of the country to be close to or slightly lower than in 2023 because of […]

U.S. power generation
Coal

Solar and wind to lead growth of U.S. power generation for the next two years

January 24, 2024 Stu Turley

In our latest Short-Term Energy Outlook, we forecast that wind and solar energy will lead growth in U.S. power generation for the next two years. As a result of new solar projects coming on line […]

U.S. coal exports
Coal

Annual U.S. coal-fired electricity generation will increase for the first time since 2014

October 18, 2021 Clark Savage

Source: U.S. Energy Information Administration, Short-Term Energy Outlook We expect 22% more U.S. coal-fired generation in 2021 than in 2020, according to our latest Short-Term Energy Outlook (STEO). The U.S. electric power sector has been generating more electricity from […]

U.S. coal exports
EIA News

EIA expects increasing consumption of natural gas by U.S. industry in 2021 and 2022

September 24, 2021 Clark Savage

Source: U.S. Energy Information Administration, Natural Gas Monthly and Short-Term Energy Outlook (STEO) Based on our September Short-Term Energy Outlook, we expect industrial sector natural gas consumption to rise throughout 2021 and to exceed pre-pandemic 2019 levels. We forecast the growth […]

EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022 - This is SAD - Energy News Beat
Top News

EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022 – This is horrible for the U.S.

February 17, 2021 Stu Turley

Throughout much of its history, the United States has imported more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it has exported. That status changed in 2020. The U.S. Energy Information […]

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