BP released its latest Energy Outlook this week, reaffirming its earlier forecast that the U.S. will be energy self-sufficient by 2023 while continuing to lead the world in natural gas production. From the report:
“We project that the US becomes energy self-sufficient in 2023 and maintains its position as the world’s largest liquids and natural gas producer.”
The BP report also adds to the growing consensus that America will continue emerging as a dominant player in the global liquefied natural gas (LNG) market going forward. Of course, this is all thanks to shale resources being unlocked by hydraulic fracturing (fracking).
