Posted December 17, 2013
U.S. Energy Outlook: More Oil, More Natural Gas, Less Carbon. Yay America!
Forbes: The federal government’s Energy Information Administration is out today with an early version of its Annual Energy Outlook for 2014. Their headline finding: that the United States will continue to grow less dependent on foreign oil as the miracle of our tight oil boom adds to supply and more efficient vehicles reduce demand. Yay America!
By their reckoning, domestic crude oil production will continue its surge, adding another 800,000 barrels per day in 2014 and about the same in 2015. By 2016 we should reach 9.5 million barrels per day, approaching the historical high of 9.6 million bpd back in 1970.
The boom won’t last forever, and will level off around 2020. But when domestic oil supplies do start slipping, we won’t feel it too much at first, because our vehicles will be using a lot less fuel.
Read more: http://onforb.es/1gEiWP8
More industry news:
- Pennsylvania is the Fastest-Growing Natural Gas-Producing State: http://1.usa.gov/1bcw4Tr
- Having Your Natural Gas in New York, and Banning Its Production Too: http://bit.ly/18UqbO2
- U.S. Oil and Natural Gas Juggernaut on Course Through 2016: http://cnb.cx/1fCj1j5
- Fracking’s Gifts for the Holiday Season: http://exxonmobil.co/ITbLEa
- Canada Regulators Approve Export Permits for LNG Proposals: http://on.wsj.com/1kSLRMN
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.