Outlook for U.S. oil and gas NAE-AAES Convocation of the Professional Engineering Societies April 28, 2014 Washington, DC By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics &…
The U.S. has experienced a rapid increase in natural gas and oil production from shale and other tight resources U.S. tight oil production U.S. dry shale gas production million barrels of oil per day billion cubic feet per day Eagle…
U.S. natural gas production is nearly double current level in High Oil and Gas Resource case U.S. dry natural gas production trillion cubic feet History 2012 Projections 50 45 High Oil and Gas Resource 40 35 Reference 30 25 Low Oil…
U.S. natural gas consumption growth is driven by electric power, industrial, and transportation use U.S. dry gas consumption trillion cubic feet History Projections 35 30 11.0 Electric 25 power 20 8.5 Industrial* 15 11.2 9.1 10…
U.S. manufacturing output and natural gas use grows with low natural gas prices, particularly in the near term manufacturing natural gas consumption quadrillion Btu billion cubic feet per day 9 24 8 Refining and 20 7 related 6 16 5…
U.S. becomes a net exporter of natural gas in the near future U.S. dry natural gas trillion cubic feet per year billion cubic feet per day History 2012 Projections 40 100 30 75 Consumption 20 50 Domestic supply 10 25 Net…
U.S. crude oil production exceeds 13 million bbl/d in High Oil and Gas Resource case U.S. crude oil production in three cases million barrels per day History 2012 Projections 16 14 12 U.S. maximum production level of High Oil and Gas…
U.S. transportation sector motor gasoline demand declines, while diesel fuel accounts for a growing portion of the market transportation energy consumption by fuel quadrillion Btu History Projections 2012 30 2030 2040 25 20 44% 59%…
Although oil use is slightly increased in the High Resource case due to lower prices, net import dependence declines rapidly U.S. liquid fuel supply million barrels per day History Projections 2012 25 2005 2016 2040 High Resource 20…
The rise in U.S. crude oil and natural gas production has strategic implications for the United States Refinery operations/investment Logistics infrastructure investment Exports of petroleum products Exports of crude oil and…
The value of crude and petroleum products imports into the U.S. declined 11% from 2012 to 2013 Monthly import values by major product category billion dollars Note: Imports are expressed as negative values Source: U.S. Census Bureau-…
The value of U.S. crude and petroleum products exports has seen a dramatic rise since 2009 Monthly export values by major product category billion dollars Source: U.S. Census Bureau- Foreign Trade Division NAE-AAES Convocation of the…
For more information U.S. Energy Information Administration home page www.eia.gov Annual Energy Outlook www.eia.gov/aeo Short-Term Energy Outlook www.eia.gov/steo International Energy Outlook www.eia.gov/ieo Monthly Energy Review…
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