Abstract
The Annual Energy Outlook 1994 (AEO94) presents the midterm energy forecasts of the Energy Information Administration (EIA). This year`s report presents projects and analyses of energy supply, demand, and prices through 2010, based for the first time on results from the National Energy Modeling System (NEMS). NEMS is the latest in a series of computer-based energy modeling systems used over the past 2 decades by EIA and its predecessor organization, the Federal Energy Administration, to analyze and forecast energy consumption and supply in the midterm period (about 20 years). Quarterly forecasts of energy supply and demand for 1994 and 1995 are published in the Short-Term Energy Outlook (February 1994). Forecast tables for 2000, 2005, and 2010 for each of the five scenarios examined in the AEO94 are provided in Appendices A through E. The five scenarios include a reference case and four additional cases that assume higher and lower economic growth and higher and lower world oil prices. Appendix F provides detailed comparisons of the AEO94 forecasts with those of other organizations. Appendix G briefly described the NEMS and the major AEO94 forecast assumptions. Appendix H summarizes the key results for the five scenarios.
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