Apr 26, 2013

US set to become Natural Gas Exporter in 7 years.

US set to become Natural Gas Exporter in 7 years. 

The Energy Information Administration released a report for Bank of America titled "Outlook for shale gas and tight oil development in the U.S".  The report outlines state of US energy development, and very clearly shows that we have enough energy to power the American Economy - if we would only develop them.

Adam Sieminski, "Outlook for shale gas and tight oil development in the U.S.", EIA, Accessed May 2013
Four of the top five uncertainties to development are man-made.

• Resource quantities and distribution
• Surface vs. mineral rights
• Risk appetite of industry participants
• Infrastructure and technology
• Environmental constraints

Furthermore, three out of the five potential impediments are government influenced (risk, distribution (leases), and environmental constraints.

The presentation in full can be found at:  http://www.eia.gov/pressroom/presentations/sieminski_04202013.pdf