The U.S. Energy Information Administration (EIA) said Monday that it expects domestic oil and natural gas production to increase substantially.
In its newest Annual Energy Outlook EIA said it expects U.S. crude oil production to reach 6.7 million barrels per day in 2020, the highest level since 1994.
Shale gas production is expected to be the driving force behind increased natural gas production, increasing from 5.0 trillion cubic feet in 2010 to 13.6 trillion cubic feet in 2035, accounting for nearly half of all domestic natural gas production.
[mappress] LNG World News Staff, January 24, 2012; Image: EIA