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Last updateMon, 15 Oct 2018 7pm

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End-User News

U.S. Will Be Net Energy Exporter by 2022

The U.S. has been a net energy importer since 1953, but the Energy Information Administration’s (EIA) new Annual Energy Outlook 2018 (AEO2018) projects the U.S. will become a net energy exporter by 2022. In the AEO2018 sensitivity cases that incorporate assumptions supporting larger growth in oil and natural gas production or that have higher oil prices, this transition is projected to occur earlier. In the high oil and gas resource and technology case, favorable geology and technological developments produce oil and natural gas at lower prices, supporting exports that increase over time. 

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