Oct 7, 2021 EIA Report Shows “Responsibly Produced Natural Gas and Oil Will Be Part of the World’s Energy Mix for Decades to Come”
Today, the U.S. Energy Information Administration (EIA) released its International Energy Outlook 2021. In the report, EIA projects oil and natural gas production and consumption will continue to grow through 2050. In EIA’s reference case, oil and natural gas still represent roughly 50% of global primary energy consumption in 2050. The following statement can be attributed to Jeff Eshelman, Chief Operating Office of the Independent Petroleum Association of America (IPAA).
“In the EIA‘s International Energy Outlook 2021 we see that responsibly produced natural gas and oil will be part of the world’s energy mix for decades to come. America’s natural gas and oil producers are committed to improving the industry’s environmental performance – and there is proof that it is working. Today, the United States leads the world in emission reductions, resulting in the nation’s cleanest air in two decades. These milestones will continue. As global energy consumption grows, the U.S. natural gas and oil industry, governed by commonsense, effective regulations and public-private partnerships, can ensure that America and nations worldwide will have a reliable energy supply to power their homes, businesses, and critical services.”