You may count me among those who want to see society move beyond fossil fuels. We all know there are negative consequences associated with fossil fuel usage, such as the emission of carbon dioxide and various other pollutants. However, fossil fuel replacements come with their own risks and trade-offs, and it is important to understand and weigh these trade-offs as we transition from fossil fuels.

Two key issues are scale and reliability.

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On May 12, the Energy Information Administration (EIA) released its latest Short Term Energy Outlook (STEO). This report reflects the first deep dive into how the energy demand collapse brought on by the COVID-19 pandemic is impacting energy market projections.

This month’s report includes a special caveat that is indicative of our present unusual circumstances:

“Although all market outlooks are subject to many risks, the May edition of EIA’s Short-Term Energy Outlook remains subject to heightened levels of uncertainty because the effects on energy markets of mitigation efforts related to the 2019 novel coronavirus disease (COVID-19) are still evolving.”

Here are some of the key summarized highlights from the EIA report, followed by my commentary on these projections.

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