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The EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025.
Oil, diesel and gasoline prices are lower and natural gas prices higher than forecast last month.
In the US, energy expenditures as a share of GDP have been generally decreasing over the 2005 to 2024 period.
A guest post by D Coyne
The EIA STEO was published recently, the estimate below is based on data from that report and statistics from the EIA International Energy Statistics . The EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025....