AEO2012ReferenceCaseJune2012Washington,DC.pptVIP

* * * * * * * * * * * * * * * * * * * * * * Petroleum and other liquid supply * Energy Information Administration AEO2012, June 2012 Oil prices in the Reference case rise steadily; the full AEO2012 includes a wide range of oil prices * annual average price of light low sulfur (LLS) crude oil real 2010 dollars per barrel Source: EIA, Annual Energy Outlook 2012 Projections History 2010 High Oil Price Low Oil Price AEO2012 Reference Energy Information Administration AEO2012, June 2012 Global liquids supply increases 26% while market shares hold relatively stable * liquids supply million barrels per day Source: EIA, Annual Energy Outlook 2012 Projections History 2010 OPEC Other non-OECD OECD Americas OECD other 42% 20% 35% 3% 40% 19% 35% 6% Energy Information Administration AEO2012, June 2012 U.S. imports of liquid fuels continue to decline due to increased production of gas liquids and biofuels and greater fuel efficiency * U.S. liquid fuels supply million barrels per day Projections History Natural gas plant liquids Petroleum production Biofuels including imports Net petroleum imports 15% 12% 36% 36% 10% 49% 36% 5% Liquids from coal 1% Energy Information Administration AEO2012, June 2012 2010 Source: EIA, Annual Energy Outlook 2012 U.S. dependence on imported petroleum continues to decline * U.S. liquid fuel supply million barrels per day Projections History 2010 Consumption Domestic supply Net petroleum imports 49% 36% Energy Information Administration AEO2012, June 2012 60% 2005 Source: EIA, Annual Energy Outlook 2012 Other Advanced Biofuels fall short of the RFS target in 2022, but exceed 36 billion gallons by the early 2030s * Energy Information Administration AEO2012, June 2012 billions ethanol-equivalent gallons Legislated RFS in 2022 Biodiesel Net imports Cellulosic biofuels Corn ethanol AEO2011 AEO2012 Sources: EIA, Annual En