Every year the US Energy Information Administration (EIA) releases the Annual Outlook Report. This report provides valuable research into domestic and international demand, product projections and models based on GDP growth.
Let’s Talk About Recovery
While the projections and analysis predict a two-year recovery window, it’s important to note that projections are uncertain. They do not account for legislation or policy shifts. Think two-years is a little too rosy? John Staub, Senior Advisor for Energy Analysis gave this reminder:
“It’s a balancing act. The Market is more resilient than it gets credit for. For example, demand for passenger air travel declined significantly in 2020, which lowered demand for jet fuel. The refinery sector shifted excess jet fuel production into diesel for the trucking industry.”
John Staub, Senior Advisor for Energy Analysis
Do you know which industry is expected to exert the most recovery and growth power in this next chapter?
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