Shale Will Make U.S. Energy Self-Sufficent by 2035

by Karl Utermohlen | January 15, 2014 2:23 pm

Shale Will Make U.S. Energy Self-Sufficent by 2035

BP Plc (BP[1]) believes that all U.S. energy will be self-sufficient by 2035 in its Energy Outlook 2035 report.

5740674035 b356b7a4fa b 300x199 Shale Will Make U.S. Energy Self Sufficent by 2035[2]
Source: Flickr[3]

The oil company released the report today which claims that the U.S. will be able to do so[4] thanks to the acceleration of shale oil and gas output. That growth combined with the slowing demand for shale and gas explains why all U.S. energy will be self-sufficient by 2035.

BP’s report says that world energy demand will rise by 41% by 2035 from 2012 which is less than the 52% gain in the last two decades. Additionally, 95% of demand growth will come from emerging economies and over half the increase will come from China and India.

BP stock is down 0.4% Wednesday.

Endnotes:
  1. BP: http://studio-5.financialcontent.com/investplace/quote?Symbol=BP
  2. [Image]: http://investorplace.com/wp-content/uploads/2014/01/5740674035_b356b7a4fa_b.jpg
  3. Flickr: http://www.flickr.com/photos/nexeninc/5740674035/sizes/
  4. U.S. will be able to do so: http://www.bloomberg.com/news/2014-01-15/u-s-will-be-energy-self-sufficient-by-2035-on-shale-bp-says.html

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