Future Prospects for Oil Production for New America Foundation July 12, 2012 Washington, DC by Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov
Non-OECD liquid fuels use is expected to surpasses almost flat OECD liquid fuels use in the near future total liquids consumption million barrels per day History 2010 Projections 70 62 60 Non-OECD 50 48 46 OECD 40 40% 41 30 Other…
Non-OPEC crude oil and liquid fuels growth 2011-13 league tables million barrels per day 2.0 1.5 2013 2012 2011 1.0 0.5 0.0 -0.5 Kazakhstan Australia Russia Vietnam India Sudan United Kingdom…
Tight oil production for selected plays in March 2012 approaches 900,000 barrels per day thousand barrels of oil per day 1,000 Eagle Ford Bakken 800 Granite Wash Bonespring 600 Monterey Woodford Niobrara 400 Spraberry Austin…
Tight oil resource potential and production remain highly uncertain Tight oil production million barrels per day 3.0 2.5 High TRR 2.0 High EUR 1.5 1.0 Reference Low EUR 0.5 0.0 2010 2015 2020 2025 2030 2035…
U.S. imports of liquid fuels fall due to increased domestic production including biofuels and greater efficiency U.S. liquid fuels consumption million barrels per day 2025 2035 21 Net petroleum 18 imports 15 49% 12 Domestic…
U.S. dependence on imported petroleum continues to decline U.S. liquid fuel supply million barrels per day History 2005 2010 Projections 25 20 Consumption Extended Policies 14% 36% High TTR 15 60% 49% Net petroleum imports 10…
AEO2012 scenarios show wide range of outcomes Reference case High and low economic growth (2 cases) High and low oil price (2) High and low estimated ultimate recovery cases and high technically recoverable resources (3)…
For more information U.S. Energy Information Administration home page www.eia.gov Short-Term Energy Outlook www.eia.gov/steo Annual Energy Outlook www.eia.gov/aeo International Energy Outlook www.eia.gov/ieo Monthly Energy Review…
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