Posted April 15, 2015
U.S. Could Eliminate Net Energy Imports by 2030
Wall Street Journal (subscription publication): The U.S. could soon export more energy than it imports, significantly changing the country’s appetite for foreign fuels starting as early as 2020, according to a new report from the Energy Information Administration.
Despite energy prices that are sharply lower today than they were a year ago, the federal government’s new outlook forecasts that U.S. oil and natural gas production will continue to rise over the next five years.
As American drillers keep pumping, the U.S. will meet more of its own energy needs. The trend will also boost the amount of natural gas, refined fuels such as diesel and ultralight oil the U.S. has available to ship overseas, reversing the country’s energy importing trend that has been in place since the 1950s.
Read more: http://on.wsj.com/1OeX7S8
More industry news:
- IEA says Oil Supply Boost May Defer Market Tightening: http://reut.rs/1cwkESU
- Jeb Bush: With Right Policies, Fracking Can Contribute to U.S. Economic Renaissance: http://bit.ly/1b3zIHa
- Canada Seeks New Crude Customers as Keystone XL Pipeline Languishes: http://bloom.bg/1yrZPle
- Analysis: A Call to Look Past Sustainable Development: http://nyti.ms/1aVEia0
- 10 Charts That Illustrate America’s Energy Boom: http://read.bi/1aVHfHm
ABOUT THE AUTHOR
Mark Green joined API after a career in newspaper journalism, including 16 years as national editorial writer for The Oklahoman in the paper’s Washington bureau. Mark also was a reporter, copy editor and sports editor. He earned his journalism degree from the University of Oklahoma and master’s in journalism and public affairs from American University. He and his wife Pamela live in Occoquan, Va., where they enjoy their four grandchildren.