U.S. could Eliminate Energy Imports

The U.S. Energy Information Administration annual report issued on April 15, 2015 suggests that energy imports and exports could come into balance soon. This would be the first time since the 1950's and is due to continued production growth from oil and natural gas and a slowdown in energy demand. EIA Administrator Adam Sieminski said, "EIA's AEO2015 shows that the advanced technologies are reshaping the U.S. energy economy."  He noted, "With continued growth in oil and natural gas production, growth in the use of renewables, and the application of demand-side efficiencies, the projections show the potential to eliminate net U.S. energy imports in the 2020 to 2030 timeframe."