US projected to become net exporter of energy by 2022

[thackney]

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-2022
02/06/18

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....

[thackney]

Annual Energy Outlook 2018
Table: Total Energy Supply, Disposition, and Price Summary
https://www.eia.gov/outlooks/aeo/data/browser/#/?id=1-AEO2018&region=0-0&cases=ref2018&start=2016&end=2024&f=A&linechart=ref2018-d121317a.3-1-AEO2018&sourcekey=0

[IsailedawayfromFR]

Interesting to read this article after recalling some of the prognosticators who have been terribly wrong over the years.

"We can’t just drill our way out of the energy and climate challenge that we face. That’s not possible." —President Obama #ActOnClimate
2:50 PM - 28 Jun 2013

https://twitter.com/barackobama/status/350733035269918720

Or this one
Jimmy Carter   
Address to the Nation on Energy
April 18, 1977

Good evening.
Tonight I want to have an unpleasant talk with you about a problem that is unprecedented in our history. With the exception of preventing war, this is the greatest challenge that our country will face during our lifetime.

The energy crisis has not yet overwhelmed us, but it will if we do not act quickly. It's a problem that we will not be able to solve in the next few years, and it's likely to get progressively worse through the rest of this century.

We must not be selfish or timid if we hope to have a decent world for our children and our grandchildren. We simply must balance our demand for energy with our rapidly shrinking resources.

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Finally, John Kerry, who is considering another run for the Presidency

Drilling for oil doesn't gain energy independence
To some extent, [my proposed energy independence] Apollo Project would involve redeploying resources from the failed energy policies of the past and present. At present we spend $1.8 billion in subsidies to the oil and gas industries while investing only $24 million in federal venture capital for alternative energy sources. And the Bush administration seeks to accelerate this trend by moving heaven and most of all earth to expand oil drilling in some of our most sensitive environments. All this drilling won't produce significant quantities of oil for many years, so we will remain dependent on a global oil market whose prices are controlled-and often manipulated-by a handful of countries, lending permanent instability to our economy.
Source: A Call to Service, by John Kerry, p. 85-86 Oct 1, 2003