U.S. Energy Production Will Outpace Consumption by 2035

Posted January 19, 2014 at 1:28pm

Fuel Fix reports on a new BP study forecasting that  “U.S. energy production will far outpace its consumption by 2035 as growth in demand for natural gas and renewable sources eclipse the use of oil and coal.”

“Natural gas would overtake oil as the country’s most used fuel by 2027 and would account for 35 percent of the country’s consumption in 2035.”

“Meanwhile, oil is expected to drop from 36 percent to 29 percent of U.S. energy consumption and renewable power sources will grow from 2 percent of energy demand in 2012 to 8 percent in 2035.”

“Dwindling oil and coal consumption also will curb the nation’s carbon emissions to a point the U.S. has not seen in three decades, and the use of renewable power sources will triple over that time, BP said Wednesday.”

Crossposted from Wonk Wire.