STEO Current/Previous Forecast Comparisons: U.S. …

1 current Forecast : January 15, 2019; previous Forecast : December 11, Energy Supply Crude Oil Production (million barrels per day) - - - Percent - - - Dry Natural Gas Production (billion cubic feet per day) - - - Percent - - - Coal Production (million short tons) - - - Percent - - - Energy Consumption Petroleum and Other Liquid Fuels Consumption (million barrels per day) - - - Percent - - - Natural Gas Consumption (billion cubic feet per day) - - - Percent - - - Electricity Retail Sales (million kilowatthours per day)

2 Current10,2309,94811,7189,79910,2249,726 11,4899,74410,2849,77211,5319,75910,2011 0,42610,29810, Previous10,2309,94811,7189,86210,2839,74 311,5009,759- - - - 10,20210,44210,323- Percent - - - Total Energy Consumption (quadrillion Btu) - - - Percent - - - Macroeconomic and Weather Real Gross Domestic Product (billion chained 2009 dollars) Current18,32418,51218,67218,79218,89019, 01219,14119,26619,35519,43919,50219,5601 8,05118,57519,07719, Previous18,32418,51218,67118,80018,92919 ,05919,18319,296- - - - 18,05118,57719,117- Percent - - - Manufacturing Production Index (index 2012 = 100)

3 - - - Percent - - - Heating Degree Days Current2,129522481,5522,132481731,5252,1 11480731,5233,8294,2514,2114, Previous2,129523481,6192,126480741,525- - - - 3,8304,3194,206- Percent - - - Cooling Degree Days Current5247695898413948509143395851911,4 271,5841,3751, Previous524769581004039584891- - - - 1,4251,5861,374- Percent - - - Source: Energy Information Administration, Short-Term Energy Outlook ( ) steo Current/Previous Forecast Comparisons: Energy Supply and Demand SummaryYearGrowth Rate201820192020 current Forecast : January 15, 2019.

4 previous Forecast : December 11, Petroleum WTI spot ($/barrel) - - - Percent - - - Refiner composite crude oil acquisition cost ($/barrel) - - - Percent - - - Brent spot average ($/barrel) - - - Percent - - - Gasoline, regular-grade retail including taxes ($/gallon) - - - Percent - - - Diesel, retail including taxes ($/gallon) - - - Percent - - - Heating Oil, residential retail including taxes ($/gallon) - - - Percent - - - Natural Gas Henry Hub spot ($ per million Btu)

5 - - - Percent - - - Residential Retail ($ per thousand cubic feet) - - - Percent - - - Electric Utilities Fuel Costs ($ per million Btu) Coal - - - Percent - - - Natural Gas - - - Percent - - - Residual Fuel Oil - - - Percent - - - Residential Retail Electricity (cents per kilowatthour)

6 - - - Percent - - - Source: Energy Information Administration, Short-Term Energy Outlook ( ) steo Current/Previous Forecast Comparisons: Energy Prices201820192020 YearGrowth RatePrices are not adjusted for Forecast : January 15, 2019; previous Forecast : December 11, 2018Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4201720182019 20202017-20182018-20192019-2020 World Crude Oil and Liquid Fuels Supply (million barrels per day) OECD (Organization for Economic Cooperation and Development) Supply - - - Percent - - - OPEC (Organization of the Petroleum Exporting Countries)

7 Supply - - - Percent - - - Non-OPEC Supply - - - Percent - - - Total World Supply - - - Percent - - - World Crude Oil and Liquid Fuels Consumption (million barrels per day) OECD (Organization for Economic Cooperation and Development) Consumption - - - Percent - - - Non-OECD Consumption - - - Percent - - - China Consumption - - - Percent - - - Total World Consumption - - - Percent - - - Closing

8 Stocks (million barrels) OECD Commercial Inventory Current2,8062,8062,8562,8832,8932,9452,9 622,9512,9653,0183,0333,0252,8432,8832,9 513, Previous2,8062,8072,8902,8942,9232,9852, 9992,981- - - - 2,8432,8942,981- Percent - - - OPEC Surplus Production Capacity and World Macroeconomic OPEC Surplus Crude OIl Production Capacity (million barrels per day) - - - Percent - - - World Oil-Consumption-Weighted GDP Growth (annualized percent change) - - - Source: Energy Information Administration, Short-Term Energy Outlook ( ) steo Current/Previous Forecast Comparisons: International Crude Oil and Liquid Fuels201820192020 YearGrowth RateCurrent Forecast : January 15, 2019.

9 previous Forecast : December 11, 2018Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4201720182019 20202017-2018 2018-2019 Supply (million barrels per day) Crude Oil Production - - - Percent - - - Natural Gas Plant Liquids Production - - - Percent - - - Ethanol Production - - - Percent - - - Total Petroleum and Other Liquid Fuel Net Imports.

10 Percent - - - Consumption (million barrels per day) Gasoline - - - Percent - - - Distillate - - - Percent - - - Jet Fuel - - - Percent - - - Hydrocarbon Gas Liquids - - - Percent - - - Total Petroleum and Other Liquid Fuels