Posted April 8, 2014
On Monday, the U.S. Energy Information Administration (EIA) released a remarkable new projection showing that given certain conditions and with the right policies in place the United States could reach energy self-sufficiency within two decades. It’s the first time EIA has projected that net imports’ share of liquid fuels consumption could reach zero – basically, that domestic production would exceed imports. Key to EIA’s scenario: access to domestic reserves.
On Tuesday, new Bureau of Land Management data showed that if EIA’s projection is to be realized, a new approach to energy development on federal lands will be needed. BLM statistics show that leasing and permitting on federal lands in fiscal year 2013 both were down, hitting their lowest numbers in years. Also down: new wells drilled.