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Energy Tomorrow Blog

IEA: Opportunity for U.S. Energy as Global Demand Grows

iea  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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Growing Energy Needs Drive Supply Decisions

news  energy demand  global production  shale energy  lng  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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World Energy Outlook

energy development  energy demand  iea  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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Crude Oil Demand, Gasoline Prices and Greater Energy Self-Sufficiency

supply  prices  gasoline  energy  demand  crude oil  access 

Mark Green

Mark Green
Posted February 22, 2013

Gasoline prices have been climbing. The U.S. Energy Information Administration (EIA) reports:

The average U.S. retail price for regular motor gasoline has risen 45 cents per gallon since the start of the year, reaching $3.75 per gallon on February 18. Between January 1 and February 19, the price of Brent crude, the waterborne light sweet crude grade that drives the wholesale price of gasoline sold in most U.S. regions, rose about $6 per barrel, or about 15 cents per gallon.

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ExxonMobil Outlook: Matching Energy Supplies With Rising Global Demand

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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Graphically Speaking: Future Global Energy Demand

natural gas  energy information administration  energy demand  energy  eia  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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