The U.S. energy system continues to undergo an incredible transformation
The U.S. Energy Information Administration (EIA) released its Annual Energy Outlook 2018 (AEO2018), which includes its Reference case and a number of sensitivity cases. The AEO2018 Reference case shows continued development of the U.S. shale and tight oil and gas resources paired with modest energy consumption growth, leading to the transition of the United States from a net energy importer to a net energy exporter across most cases examined in AEO2018.
“The United States energy system continues to undergo an incredible transformation,” said EIA Administrator Linda Capuano. “This is most obvious when one considers that the AEO shows the United States becoming a net exporter of energy during the projection period in the Reference case and in most of the sensitivity cases as well—a very different set of expectations than we imagined even five or ten years ago.” Read more...
Reference: Stratton Report