Why is N-America expected to become a net exporter of liquid fuels?

  • Higher US output due to boom in shale oil (fracking) from areas such as Eagle Ford (Texas) and Bakken (N. Dakota).
  • Higher Canada output (natural gas + heavy crude from oil sands).
  • Outcome: North America expected to become net exporter of liquid fuels in next 10 yrs off this higher output and slower US/Canada demand (off energy efficiency improvements).
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