The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

iea34  energy-demand  us-energy  exports 

Mark Green

Mark Green
Posted November 15, 2017

IEA’s statement above is remarkable. What it means is that the energy security goals U.S. leaders have discussed for more than 40 years appear to be coming into view. Thanks to modern, data analytics-based exploration and production, the United States will produce natural gas and oil at unprecedented levels, decreasing oil imports and growing opportunities for U.S. energy in the global marketplace. 

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news  energy-demand  global-production  shale-energy  lng34  renewable-fuel-standard  fuels 

Mark Green

Mark Green
Posted June 12, 2015

Wall Street Journal Low oil prices and economic growth have helped drive up consumer demand for energy across the world in 2015, the International Energy Agency said Thursday, a phenomenon seen from U.S. gasoline stations to Chinese auto dealerships.

The IEA’s closely watched oil-market report lent some support to an idea pushed by the Organization of the Petroleum Exporting Countries and other producers: that collapsing oil prices would spur more consumer demand and eventually send prices back up. The benchmark U.S. oil price hit a six-month high on Wednesday.

The IEA said world demand for oil would increase by 1.4 million barrels a day this year, 300,000 barrels a day faster than it previously forecast, to a daily average of 94 million barrels this year. Global demand in 2014 was about 92.6 million barrels a day, the IEA said.

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energy-development  energy-demand  iea34  domestic-energy-development  access  oil-production 

Mark Green

Mark Green
Posted December 3, 2013

International Energy Agency (IEA) Chief Economist Fatih Birol was at CSIS this week, highlighting the organization’s findings in its 2013 World Energy Outlook. The report focuses on global energy demand growth, the future energy mix and the sources of energy. Key takeaways from Birol’s presentation:

  • The United States could become the world’s leading oil producer as early as 2015, two years earlier than IEA projected a year ago, Birol said.
  • About two-thirds of the growth in global energy demand between now and 2035 will come from Asia.
  • U.S. energy production, especially surging natural gas output from shale via hydraulic fracturing, is creating energy cost differentials that make American products more competitive in the global market.

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oil-sands  hydraulic-fracturing  energy-policy  energy-demand  access  natural-gas 

Mark Green

Mark Green
Posted December 11, 2012

ExxonMobil has released its annual long-term energy outlook, projecting global energy needs and supplies out to 2040. Some highlights:

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natural-gas  energy-information-administration  energy-demand  energy  eia34  access 

Mark Green

Mark Green
Posted January 23, 2012

According to the U.S. Energy Information Administration (EIA), the world’s demand for energy is going to increase by nearly 50 percent by 2035. Based on EIA projections, this graphic from API’s 2012 State of American Energy report shows that oil and natural gas is expected to supply 52 percent of that energy, only slightly less than today’s share (55 percent).

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access  deepwater-drilling  domestic-energy  energy-demand  energy-policy  government  interior-department  offshore-drilling  offshore-drilling-ban  offshore-drilling-moratorium  deepwater-wells  environmental-review 

Jane Van Ryan

Jane Van Ryan
Posted December 9, 2010

The administration is erecting more roadblocks to offshore drilling. According to published reports, the government will require an environmental assessment for each and every deepwater well. It also plans to extend the government's timeframe for exploration plan review from 30 to 90 days. 

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crude-oil  energy-demand  energy-prices  gas-prices  gasoline-prices  oil-demand  oil-prices  prices 

Jane Van Ryan

Jane Van Ryan
Posted December 6, 2010

Crude oil prices reached a two-year high on Friday. At the end of the trading day, it closed at $89.19 per barrel, up nearly 21 cents a gallon since November 17. 

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demand  domestic-energy  eia34  energy-consumption  energy-demand  energy-information-administration  energy-policy  energy-reality  oil-consumption  rhetoric-vs-reality  natural-gas-consumption  world-energy-demand 

Jane Van Ryan

Jane Van Ryan
Posted November 29, 2010

Before anyone--including each U.S. lawmaker--engages in a meaningful discussion about energy policy, it's important to understand the facts. Although this might seem to be an obvious point, it's one that shouldn't be overlooked especially during this fall's lame duck congressional session. 

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