Exxon: North America to Become Net Energy Exporter by 2025
From Star Telegram
By Edward Klump
Exxon Mobil, which owns Fort Worth’s XTO Energy, said North America may be able to export 15 percent of its natural gas output and 5 percent of oil by 2040 as the region’s production surges and demand stalls.
North America probably will become a net energy exporter by about 2025, after importing 35 percent of its oil in 2010, Irving-based Exxon said in an energy outlook report released today. Asia Pacific countries may import almost 40 percent of their total energy needs by 2040 as demand increases.
“After decades of relatively flat production, output of oil and other liquid fuels in North America is projected to rise by about 40 percent from 2010 to 2040,” Exxon said in the report. Meanwhile, “overall U.S. energy consumption is expected to gradually plateau and then decline by about 5 percent from 2010 to 2040.”
