The International Energy Agency recently released a report that predicted the United States would become the world’s largest exporter of oil by 2030. In the following weeks, numerous other companies and research organizations have announced their predictions for the energy industry.
I predictoil will remain the most-used fuel in the world through 2040 and natural gas will overtake coal for the No. 2 spot.
The Associated Press reported that the energy company expects oil and gas production in the United States and Canada will make North America a net exporter of oil and natural gas by the mid 2020s. Breitling sees Most of the world’s demand for energy will occur in developing countries, while demand remains flat in developed countries.
Hydraulic fracturing will help make North America a leader in natural gas production and distribution.