| AEO2012 Early Release |
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24/01/2012 01:32 (127 Day 13:12 minutes ago) | |||||
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The FINANCIAL -- OverviewIn preparing the AEO2012 Reference case, the U.S. Energy Information Administration evaluated a wide range of trends and issues that could have major implications for U.S. energy markets.
This overview presents the AEO2012 Reference case and compares it with the AEO2011 Reference case released in April 2011. Because of the uncertainties inherent in any energy market projection, the Reference case results should not be viewed in isolation. Readers are encouraged to review the alternative cases when the complete AEO2012 publication is released, in order to gain perspective on how variations in key assumptions can lead to different outlooks for energy markets.
This assumption helps increase the comparability of the Reference case with other analyses, clarifies the relationship of the Reference case to other AEO2012 cases, and enables policy analysis with less uncertainty arising from speculative legal or regulatory assumptions. Currently, there are many pieces of legislation and regulation that appear to have some probability of being enacted in the not-toodistant future, and some existing laws include sunset provisions that may be extended.
However, it is difficult to discern the exact forms that the final provisions of pending legislation or regulations will take, and sunset provisions may or may not be extended. Even in situations where existing legislation contains provisions to allow revision of implementing regulations, those provisions may not be exercised consistently. In certain situations, however, where it is clear that a law or regulation will take effect shortly after the AEO Reference case is completed, it may be considered in the projection.
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