United States may become net energy exporter by 2026, EIA reports

Posted on Jan 5, 2017 in News

CNBC | 1/5/17

The United States could become a net exporter of energy by 2026 as domestic production rebounds and demand at home remains flat, the U.S. Energy Information Administration said Thursday in a new report.

In its Annual Energy Outlook 2017, the EIA sees a surge in natural gas exports and improvement in the trade balance of petroleum products causing the United States to become a net energy exporter by 2026. It would be the first time the nation held that status since 1953.

As a net exporter, the United States would still import oil, natural gas and other energy sources, but it would send out more of these products produced at home than it takes in from foreign sources.

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