In 2009, U.S. energy markets continued to show the impacts of the economic downturn that began in late 2007. After falling by 1 percent in 2008, total electricity generation dropped by another 3 percent in 2009. Although other factors, including weather, contributed to the decrease, it was the first time in the 60-year data series maintained by the EIA that electricity use fell in two consecutive years. Over the next few years, the key factors influencing U.S. energy markets will be the pace of the economic recovery, any lasting impacts on capital-intensive energy projects from the turmoil in financial markets, and the potential enactment of legislation related to energy and the environment. The projections in AEO2010 focus on the factors tha
To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.