US Energy Information Administration
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US oil production is getting lighter and gas production is spreading as unconventional formations feed export growth. -
Continued growth in production driven by natural gas, along with a modest increase in US energy consumption, will lead the US to become a net energy exporter within 4 years according to a new report from the EIA.
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The US is emerging as a gas-exporting nation, and that is going to mean big changes globally.
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Crude oil production in the United States is expected to approach 10 million B/D in 2018 and surpass a previous high achieved in 1970, according to the latest US EIA forecast.
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The US Energy Information Agency reports that the country is seeing petroleum exports rise across the board and notes serveral drivers for this trend.
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