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The Offshore Energy We Need

Although the share of non-fossil fuels is growing rapidly, fossil fuels – oil, natural gas and coal – will continue to play leading roles through 2040

Chart: future energy demand

More total energy will be needed both in the United States and globally. The U.S. Energy Information Administration (EIA) forecasts U.S. energy demand will grow by 12 percent between 2012 and 2040, with more than 60 percent of the energy demand expected to be met by oil and natural gas, as is the case today. The United States is at the beginning of an energy revolution with domestic production reaching levels not seen in decades and our energy imports are falling. But in order to ensure our energy security and create economic growth it is vital that we take advantage of all of our energy resources, including those safely developed in American waters.

2012 2040
Consumption Quads %Share Quads %Share %Change
Liquid Fuels and Other Petroleum 35.87 37.7% 35.35 33.3% -1.4%
 Oil 34.65 36.5% 33.86 31.9% -2.3%
 Ethanol, Biodiesel and Green Liquids 1.22 1.3% 1.49 1.4% 22.1%
Natural Gas 26.20 27.6% 32.32 30.4% 23.4%
Coal 17.34 18.2% 18.75 17.6% 8.1%
Nuclear Power 8.05 8.5% 8.49 8.0% 5.5%
Hydropower 2.67 2.8% 2.90 2.7% 8.6%
Biomass and Renewables 4.50 4.7% 8.15 7.7% 81.1%
Other** 0.39 0.4% 0.35 0.3% -10.3%
Total 95.02 100.0% 106.31 100.0% 11.9%
Oil and Natural Gas 62.07 65.3% 67.67 63.7% 9.0%
Oil, Natural Gas and Coal 79.41 83.6% 86.42 81.3% 8.8%

**Other includes non-biogenic municipal solid waste and net electricity imports.