Technology remains driving force behind US energy gains

Technology will continue to improve US energy production and use, but its contribution should not be overestimated, panelists at a conference on the US Energy Information Administration's final 2012 Annual Energy Outlook agreed. Addressing regulatory questions that have been raised will be essential if the potential of abundant US oil and gas resources is to be realized, the panelists said June 27 during the Bipartisan Policy Center-hosted event. More than one third of total US crude oil and one sixth of total US natural gas now being produced comes from tight shale formations, noted John Staub, EIA's team leader for oil and gas exploration and production analysis. "While its growth ...

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