The United States will become a net oil and gas exporter by 2022, the Energy Information Administration (EIA) said in this year’s edition of its Annual Energy Outlook. Slower domestic demand, along with growth in natural gas, oil, and oil product production will drive the transformation, the EIA said.
That sounds like President Trump’s dream of energy dominance come true, but of course, this would only happen under certain circumstances, as the EIA notes in the beginning of the report. For starters, the forecasting model the authority uses stipulates annual economic growth of between 1.5 percent and 2.6 percent between 2017 and 2050, with energy demand varying between flat and growing by 0.7 percent.
Another important stipulation in the model is the growing adoption of renewable energy and natural gas instead of oil…
https://oilprice.com/Energy/Energy-General/US-To-Become-Net-Oil-And-Gas-Exporter-In-5-Years.html
