EIA: US On Track To Export More Energy than It Imports by 2026

6 Jan 2017   exports, USA

One year after Congress lifted a ban on US oil exports, the federal Energy Information Administration finds the nation is set to become a net energy exporter. A net energy importer for more than 60 years, the United States is poised to flip that trend and become a net exporter by 2026, according to the U.S. Energy Information Administration (EIA). In its Annual Energy Outlook 2017, the agency said declining petroleum imports coupled with an increase in natural gas exports is driving the change. That’s based on eight reference cases that model a variety of pricing, technological and economic factors. In most of those cases, U.S. production is likely to decline in the 2030s, which will slow or reverse energy export growth, EIA said. “EIA’s projections show how advances in technology are driving oil and natural gas production, renewables penetration, and demand-side efficiencies and reshaping the energy future,” EIA […]

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