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BP estimates U.S. will be energy self-sufficient by 2030
Posted By -NO AUTHOR- On 01/16/2013 @ 11:16 pm In Money,U.S. | No Comments
(Agence France-Presse) The United States will become almost self-sufficient for its energy needs by 2030, boosted by shale oil and gas output and slowing demand, British energy giant BP forecast on Wednesday.
“By 2030, increasing production and moderating demand will result in the United States being 99-percent self-sufficient in net energy; in 2005 it was only 70-percent self-sufficient,” BP said in its latest Energy Outlook report.
“Meanwhile, with continuing steep economic growth, major emerging economies such as China and India will become increasingly reliant on energy imports. These shifts will have major impacts on trade balances.”
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