US projected to become net exporter of energy by 2022
http://thehill.com/policy/energy-environment/372542-us-projected-to-become-net-energy-exporter-by-202202/06/18
The United States is on pace to become a net exporter of energy, according to new data released Tuesday by the U.S. Energy Information Association (EIA).
The 2018 annual report on the U.S. energy outlook projects that the country will shift from mostly importing energy to primarily exporting it by 2022. The cause is the continued development of U.S. shale, oil and gas resources, as well as a bump in energy consumption, according to the report.
"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 [report] 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."
The U.S. has been a net energy importer since 1953, according to the EIA....