Forecast: Primary Energy Supply in the US

The primary energy supply in the US stood at 2.04 billion tonnes of oil equivalent in 2023. Forecast data indicates a slight decline in energy supply over the next few years, with a reduction from 2.03 billion tonnes in 2024 to 1.99 billion tonnes in 2027. The year-on-year variation shows a slight decrease in primary energy supply of about 0.5% annually between 2023 and 2025, and a 1% reduction from 2026 to 2027. Over the last five years, the compound annual growth rate (CAGR) suggests a yearly average decrease of approximately 1%.

Future trends to watch for:

• Increased investment in renewable energy sources could significantly alter the energy supply landscape.
• Technological advancements in energy efficiency may drive further declines in traditional energy sources.
• Policy changes and regulatory shifts could impact the long-term trajectory of energy sources.