Cookie Control

This site uses cookies to store information on your computer.

Some cookies on this site are essential, and the site won't work as expected without them. These cookies are set when you submit a form, login or interact with the site by doing something that goes beyond clicking on simple links.

We also use some non-essential cookies to anonymously track visitors or enhance your experience of the site. If you're not happy with this, we won't set these cookies but some nice features of the site may be unavailable.

By using our site you accept the terms of our Privacy Policy.

(One cookie will be set to store your preference)
(Ticking this sets a cookie to hide this popup if you then hit close. This will not store any personal information)

Need for More Tar Sands Imports Questioned With Latest U.S. Energy Data

"In 2040, domestic crude oil output will still be higher than it is today. Will the country's shifting energy picture affect Keystone XL's prospects?"



"WASHINGTON -- The U.S. Energy Department has sharply cut its forecast for crude oil imports in the next several years, saying that domestic oil will replace imports at a much faster rate than it expected just a few months ago.

Imports in 2016 will be one million barrels a day lower than it projected in April, the department's Energy Information Administration (EIA) said Monday in its preliminary annual energy outlook for 2014 and beyond.

'With growth in both oil and natural gas production, we see the U.S. moving closer toward self-sufficiency, and there are some very interesting economic and geopolitical implications to all that,' said Adam Sieminski, the EIA's administrator, at a briefing."

John H. Cushman Jr. reports for InsideClimate News December 17, 2013.

Source: InsideClimate News, 12/26/2013