Fueled By Oil And Natural Gas – Now And In The Future

Ron Nickelson
Managing Partner at EPL Global


The U.S. Energy Information Administration’s (EIA) new Annual Energy Outlook for 2015 contains a number of stats and projections, but you could boil them down to a couple of important points.

• Oil and natural gas are and will continue to be the foundation of an all-of-the-above energy approach that’s key to continued U.S. economic growth, energy security and overall security.
• Domestic output is and will continue to reduce U.S. dependence on imported energy. EIA says strong growth in domestic oil and natural gas production from shale and other tight rock formations, coupled with modest demand growth after 2020, will result in declining imports.

The revolution in U.S. oil and natural gas production has provided an incredible boost to workers and consumers here in America. The latest federal forecast shows that U.S. production can remain strong, despite the downturn in prices, but an all-of-the-above energy policy will be critical to our competitive edge in the decades to come. We need more energy – not less – especially as natural gas plays a rapidly growing role in America’s energy mix and domestic oil production continues to replace imports.