The Annual Energy Outlook 2015 (AEO2015), prepared by the U.S. Energy Information Administration (EIA), presents long-term annual projections of energy supply, demand, and prices through 2040. The projections, focused on U.S. energy markets, are based on results from EIA’s National Energy Modeling System (NEMS). NEMS enables EIA to make projections under alternative, internally-consistent sets of assumptions, the results of which are presented as cases…
The American Petroleum Institute (API) is a national trade association that represents all segments of America’s innovation-driven oil and natural gas industry. Its more than 600 members — including large integrated companies, exploration and production, refining, marketing, pipeline, marine shipping and support businesses, and service and supply firms…
The drilling and hydraulic fracturing techniques used to access oil and natural gas trapped in shale rock only account for a tiny fraction of the lifespan of a typical well.
Unconventional gas and oil resources* are perhaps the single largest opportunity to improve the trajectory of the U.S. economy, at a time when the prospects for the average American are weaker than we have experienced in generations. America’s new energy abundance can not only help restore U.S. competitiveness but can also create geopolitical advantages for America…
For the first time since 1949, the US has become a net petroleum product exporting country and has edged out Russia as the world’s largest refined petroleum exporter. A simple explanation would point to lower demand and a struggling economy which requires less imported energy. But, that would only get you half the answer…
America’s competitive advantage is a tireless dedication to innovation,
particularly in energy. U.S. companies are driving an energy boom today — in tight oil and shale gas production, renewable energy, efficiency, and much else — largely because they have significantly benefited from federally funded technology innovation, research and development over the last four decades…
The arrival and subsequent exploitation of U.S. shale has disrupted oil market equilibrium. A newfound dynamic of abundant global oil supply, coupled with the short-cycle production characteristics and sustained productivity improvements of U.S. shale output, underscore an in-process recalibration of the global crude cost curve and our expectation that a sustained move above the $70 / barrel threshold is likely to be quickly countered by upticks in U.S. shale production…