US Could Become an Energy Exporting Country

Experts say increased production of oil and gas in the United States, along with production cuts by OPEC, could lead to an American energy surplus. Adam Sieminski is head of the U.S. Energy Information Agency. Recently, he said demand for energy in the U.S. has grown slowly while production has increased notably. This imbalance could mean the U.S. would have an energy surplus. “The U.S. could become a net energy exporter…” Industry experts say production increases are the result of greater use of technologies that make recovery of oil and gas more effective. Sieminski says the production increases mean the U.S. could have more energy than it can use.

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