EIA expects increased US crude oil production, with continued high petroleum prices in 2022
Green Car Congress
MAY 11, 2022
Low global oil inventories coupled with continued high demand for gasoline, diesel, and other petroleum products means that increased production likely won’t have much impact on prices in the short term. Other key findings from the May 2022 STEO forecast include: Solar and wind power will provide 11.1% in summer 2021.
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