US more dependent on imported oil, natural gas
The US Energy Depart-ment projects that the United States will become more dependent on imported oil and natural gas in the next two decades as domestic production of oil declines and that of gas does not increase as fast as expected. The Energy Outlook 2004, an annual projection of US energy consumption, forecasts the gap between total energy consumption and domestic production to grow from 26 percent in 2002 to 36 percent in 2025, the period covered by the forecast, according to the Energy Information Administration (EIA). EIA, an agency in the Energy Department, projects oil imports surging from 54 percent to 70 percent of consumption in 2025, two percent more than in the 2003 forecast. Natural gas imports are projected to rise from 15 percent to 23 percent, one percent less than in the 2003 forecast.
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"US more dependent on imported oil, natural gas"