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With shale boom, U.S. expected to become net energy exporter

The U.S. is expected to become a net energy exporter over the next 15 years. This photo shows Dominion Resources Cove Point terminal in Maryland. It is currently being converted from a gas import facility to an export terminal to ship Marcellus Shale gas to Asia.

AP Photo/Dominion Resources

Dominion Resources' Cove Point terminal in Maryland is currently being converted from an import facility to an export terminal to ship Marcellus Shale gas to Asia.

Reversing a trend that has lasted more than half a century, the federal government predicts the U.S. will become a net energy exporter within 15 years, as the shale boom increases the production of crude oil and natural gas.

In its Annual Energy Outlook, the U.S. Energy Information Administration (EIA) says advanced technologies are reshaping the nation’s economy. The outlook includes predictions to 2040 and assumes a business-as-usual trend, with current laws and regulations going unchanged.

“With continued growth in oil and natural gas production, growth in the use of renewables, and the application of demand-side efficiencies, the projections show the potential to eliminate net U.S. energy imports in the 2020 to 2030 timeframe,” said EIA Administrator Adam Sieminski in a statement. ”The United States has been a net importer of energy since the 1950s.”

The EIA expects the country will also switch from being a modest net importer of natural gas, to a net exporter by 2017. By 2040, the agency expects gas exports to range from 3 to 13 trillion cubic feet, depending on a high or low resource scenario. The agency predicts dry natural gas production to continue to grow, with most of that growth coming from the Marcellus and Utica Shales. This will cause a significant realignment of pipeline infrastructure, which many Pennsylvanians have already started to see.

The large supply of gas will also benefit the manufacturing sector, according to the EIA, with lower fuel prices. The agency expects consumption of natural gas and hydrocarbon gas liquids  to increase by more than 50 percent by 2040. Most of that growth comes from an expansion in the petrochemical industry.

Renewable energy sources will also become more attractive in electric generation, according to the report, due to rising long-term natural gas prices, high capital costs of coal and nuclear power, slowing demand for electricity, and lower prices for renewables. The nation’s energy-related carbon dioxide emissions are also expected to stabilize over the next 25 years and stay below 2005 levels, thanks to better energy efficiency and less carbon-intense electric generation.

 

 

 

 

 

Comments

  • Jack Wolf

    Obviously, those idiots that we call elected officials still don’t “get” fossil fuel driven climate change regardless of what comes out of their mouths. I don’t think the scientists could scream any louder about our emissions. The disconnect between what they say and do is becoming scarier by the day. Now they want to frack the SE Atlantic and Gulf Coast, and open the Arctic up. If we are to get though this, these actions need to end.

  • http://flippetyfloppety.blogspot.com/ karen orlando

    http://www.energy.senate.gov/public/index.cfm/hearings-and-business-meetings?ID=0380bed7-f9ef-4450-bfa0-a3af60f7a184 Let me ask you something Marie. Do you think people understand that this was being discussed in the Senate almost 2 years ago? Certainly in this context, the LNG import project proposed for offshore of Long Island right now is an outlier. However that does not mean that it is secretly or even likely to ever be intended as an export project as the antifracking movement has been saying for the last 20 months while that application is being reviewed.

    http://energy.gov/fe/downloads/summary-lng-export-applications-lower-48-states How many projects or companies are already competing for this market or approved or under construction like Cove Point?

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