The Peak Oil Myth

[ThatHawaiiGuy]

US will be a net energy exporter by 2022, four years sooner than expected, Energy Department says

The United States is on pace to export more energy products than it imports by 2022 as oil and natural gas production from the nation's shale fields keep booming and domestic energy demand remains fairly tepid, according the Department of Energy's statistics arm.

The country will achieve the feat as it expands natural gas exports beyond its traditional North American markets, shipments of crude oil increase and outward flows of refined products such as gasoline remain robust, the Energy Information Administration said in its Annual Energy Outlook.

The nation's anemic appetite for energy will also play a role in the United States becoming a net exporter. U.S. energy consumption is forecast to grow by only 0.4 percent through 2050, compared with expectations for economic growth of 2 percent.

If the forecast bears out, 2022 will mark the first year the U.S. energy exports surpassed imports since 1953.

MORE:

https://www.cnbc.com/2018/02/07/united-states-will-be-a-net-energy-exporter.html


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