US Will Be Petroleum, Natural Gas Exporter Through 2050, Government Agency Projects

Nuclear loses, solar gains, electric vehicles stay market minority in long-term projection

A work-over rig performs maintenance on an oil well in the Permian Basin oil production area near Wink, Texas on Aug. 22, 2018. Nick Oxford/Reuters

The Energy Information Administration (EIA) expects the United States will remain a net exporter of petroleum and natural gas at least through the middle of this century.

Its 2023 Annual Energy Outlook, released on March 15, credits that trend to “growing international demand.”