Welcome to the Global Hydrocarbon Supply Modeling Project Workshop April 8, 2014 Tysons Corner, VA By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov
EIAs shifting emphasis on modeling More international modeling and analysis, less domestic Moving out to where the light is not as bright EIA will produce shorter Annual Energy Outlook and International Energy Outlook in alternate…
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 4.0…
U.S. dependence on imported liquids declines, particularly in the near term U.S. liquid fuel supply million barrels per day History 2012 Projections 25 2005 2016 2040 20 Consumption 25% 32% 15 40% 60% Net imports 10 Domestic…
U.S. crude oil and natural gas production is up dramatically since 2010 and will continue to grow rapidly; this has strategic implications for the United States Refinery operations/investment Logistics infrastructure investment…
What is the future total trade in petroleum products U.S. petroleum product imports and exports million barrels per day History 2012 Projections 4 3 Distillate exports 2 Motor gasoline exports Total petroleum product net exports…
Likewise, U.S. natural gas trade is projected to increase U.S. natural gas imports and exports trillion cubic feet per year billion cubic feet per day History 2012 Projections 10 2025 25 8 5.4 tcf of exports (14.8 bcf/day) 20 6…
From the Americas Report: Liquefaction and regasification projects would enable global natural gas trade Liquefaction (bcf/d) Country Operating Construction Engineering Peru 0.6 Trinidad and Tobago 2.0 Colombia 0.1 United States…
Coal trade has exhibited an interdependency with natural gas U.S. coal imports and exports thousand short tons History 2012 Projections 200,000 Coal imports Coal exports Coal net exports 150,000 100,000 50,000 0 -50,000…
EIA / ARI assessed shale oil and shale gas resources 2013 Source: United States basins from EIA and United States Geological Survey, other basins from ARI based on data from various published studies Welcome to the Global Hydrocarbon…
Top ten countries with technically recoverable shale resources not necessarily economically recoverable Shale gas Shale oil Rank Country Trillion cubic feet Rank Country Billion barrels 1 China 1,115 1 Russia 75 2 Argentina 802 2 United…
Good news EIA FY2014 appropriation increased to 117 million million dollars 250 Appropriation (nominal dollars) Appropriation (constant 2010 dollars) 200 150 FY2013 99.5 FY2014 117.0 100 50 0 1978 1982 1986 1990 1994…
Several cross-cutting themes that will be addressed with the increased FY2014 funding: Oil and gas production Petroleum markets and refining Energy end-use data and analysis International Electricity States/mapping…
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…