IEA sees North American energy leadership

13/11/2012

The United States may become almost self-sufficient in terms of oil and natural gas by 2035, a report from the International Energy Agency states.

The IEA, in its 2012 edition of the World Energy Outlook, said by 2020, the United States is expected to be a net exporter of natural gas and the North American region should follow suit in terms of oil by 2035.

The report said fossil fuels remain the dominant form of energy in the global mix in part because of government subsidies. Outside of North America, the IEA reports that North African and Middle Eastern governments supported the fossil fuel sector with $523 billion in subsidies last year, a 30 percent increase from the previous year.

The IEA said the exploiting unconventional reserves like tar sands oil, abundant in Canada, boost the supply outlook for countries outside the Organization of Petroleum Exporting Countries. The world, however, turns back to OPEC supplies after 2020, the IEA said.

OPEC, in its World Oil Outlook report published last week, said shale natural gas production in the United States increased from 15 billion cubic feet per day in 2010 to 25 billion cubic feet per day this year.

OPEC said it expected shale formations to play a role in satisfying emerging energy needs but the refining sector needs an overhaul to take advantage of shale resources.

By Le My

Same Category

Energy saving tips for your winter

04/10/2024

Clean energy brings stable electricity supply to Truong Sa Archipelago 02/11/2022
Energy shifting towards a green economy 07/10/2021
Reduce your energy bills this fall with these tips 28/09/2021
Looking to save on your energy bill? Here are some easy tips 28/09/2021

10 ways to save water at home 26/09/2021

As we face these effects of climate change, conserving water becomes increasingly important. Saving water also means saving money; the average American family spends more than $1,000 on water a year, which can be diminished significantly by addressing the way we use water in our daily lives.
Saving electricity – Practical tips that cut through the noise 26/09/2021

Power is essential for lighting and running appliances at homes and in businesses. With its ever-increasing costs, consumers constantly compare electricity in addition to other practical ways to save electricity.
Energy saving tips for the home – 7 ways to lower your bills 26/09/2021

Worried about soaring gas prices? Our energy saving tips for the home are a great way to lower gas and electricity bills and save precious cash
Quantum chemists conjure recipe to turn gold, silver and copper into vessels of green energy 23/09/2021

Quantum chemists believe gold, silver and copper could help the world take a leap towards green energy after discovering that compounds based on these metal elements and hydrogen are very promising candidates for hydrogen storage.
As heating bills go up, put your energy into keeping costs down 16/09/2021

With wholesale energy prices soaring, millions of householders will face bigger bills next month. But there are ways to save.
5 easy ways to improve energy efficiency 16/09/2021

In addition to navigating a deadly pandemic, improving energy efficiency is likely the top priority for today’s building owners facing costly, mandatory retrofits by 2025.
How to solve the investment puzzle of clean energy transitions in the developing world 19/02/2021

This article looks into three areas where efforts are needed to accelerate investments in clean energy transitions
Viet Nam News Economy Lessons from solar: Rush to invest in wind power plants to get high tariffs could overload grid 09/02/2020

The rush to invest in wind energy to take advantage of the Government's pricing incentives could lead to overloading of the national grid in a repeat of the solar scenario, experts warn.