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Energy Tomorrow Blog

The U.S. as Global Oil Growth Supplier

global energy demand  crude oil supplies  iea  us energy security 

Jessica  Lutz

Jessica Lutz
Posted June 19, 2019

Another big indication of the global impact of the U.S. energy revolution comes in the International Energy Agency’s (IEA) oil market report and its outlook for 2020, which says the United States will be responsible for virtually all of this year’s increase in oil supply. …

The fact that the U.S. is projected to fill this role is significant in terms of global market stability and the world’s security – that is, the United States as this growth supplier, versus less stable and/or less friendly regimes.  


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Natural Gas: The Global Fuel of Choice

natural gas  eia  iea  emission reductions  global energy demand 

Jessica  Lutz

Jessica Lutz
Posted March 26, 2019

Natural gas is playing a lead role in meeting rapidly increasing global energy demand, and its growing use in electricity generation has resulted in significant savings in carbon dioxide emissions worldwide. These points were echoed by the International Energy Agency (IEA) in its Global Energy and CO2 Status Report released this week.

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The Growing Good-News Story on U.S. Natural Gas

natural gas  lng exports  us energy security  trade  economic growth  iea 

Mark Green

Mark Green
Posted March 5, 2019

The International Energy Agency’s Fatih Birol regularly heralds the positive impacts of the American shale energy revolution (see here, here and here). All good, but U.S. shale’s global impact is just now starting to be felt, IEA’s executive director said last week.

During a global markets update at the U.S. Energy Department with Secretary Rick Perry, Birol said the United States will be responsible for about two-thirds of the growth in the global liquefied natural gas (LNG) export market. Of course, this reflects the abundance of domestic natural gas, largely produced from shale formations. Big-time global impact lies ahead, Birol said.  Add to that environmental and climate progress, which we’ll get to in a bit.

Certainly, there’s every reason to believe U.S. natural gas and oil can meet or exceed global expectations. Soaring U.S. crude oil production has increased global supply, supporting the stability of global markets – while reducing weekly U.S. crude imports to their lowest level in 23 years (as of Feb. 22), according to the U.S. Energy Information Administration.

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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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EIA Energy 2014 and Beyond

oil and natural gas development  energy supplies  eia  iea  increased access  energy exports 

Mark Green

Mark Green
Posted July 15, 2014

A couple of highlights from the first day of the U.S. Energy Information Administration’s (EIA) annual energy conference, both of which can be used to underscore the need for policies that help sustain and grow America’s energy revolution.

First, International Energy Agency (IEA) Executive Director Maria van der Hoeven suggested exuberance over the U.S. energy boom has risks because energy security is more than just ample supply:

“In periods of abundance we must challenge ourselves with questions. And so I ask you, is your energy security as security as you or I think? … Energy security is about much more than supply. … Although things look bright at first sight, there’s no time for complacency.”

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Energy Revolution Rolls On, Federal Role Declines

us energy security  federal lands  energy production  oil and natural gas development  eia  iea  access 

Mark Green

Mark Green
Posted June 20, 2014

Let’s make a couple of points with the juxtaposition of the newest U.S. report on energy production on federal lands and a pair of new analyses people are talking about this week.

First, there’s this piece by the Manhattan Institute’s Jared Meyer on the Real Clear Energy website, asserting that surging U.S. crude oil production is playing a big role in keeping global crude prices stable despite turmoil around the world:

The most important contribution to oil's price stability has been the substantial increase in U.S. production. U.S. crude oil production has risen 50 percent since 2008, to 7,443 thousand barrels a day. This increase has been driven by advances in drilling technology. Hydraulic fracturing has opened up previously-known reserves that were either inaccessible or too cost-prohibitive for drilling.

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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 Reaches Two-Year High

crude oil  gasoline  iea  international energy agency  prices  federal reserve board  price of gasoline  price of oil 

Jane Van Ryan

Jane Van Ryan
Posted November 11, 2010

"Virtually anything can influence the price of crude oil." - API Chief Economist John Felmy

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Pump Price Update

crude oil  crude oil demand  crude oil prices  economic growth  eia  energy information administration  energy prices  gasoline  gasoline prices  global demand  iea  international energy agency  oil demand  oil prices  prices 

Jane Van Ryan

Jane Van Ryan
Posted November 3, 2010

Are you planning a trip during the upcoming Thanksgiving Day holiday? For those of us in the Washington, D.C. area, the Wednesday before Thanksgiving is the single busiest day on surrounding highways during the entire year. 

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