The best natural gas, oil and coal resources in 20 years could well come from a combination of both unconventional and traditional methods, according to a new report.
In its annual Energy Outlook report, the Energy Information Administration (EIA) said that natural gas extraction, exploration, production, and transportation will grow by 6% over the next five years and 5% over 20 years.
The report said that this growth will come from new technologies such as horizontal drilling and hydraulic fracturing, which are being used to tap shale gas reserves.
In the next two decades, EIA projects that the U.S. will extract more than 2.3 trillion cubic feet of natural gas from the Marcellus Shale and Pennsylvania Marcellon Shale, the first of which will be drilled by a major oil company, BP.
The EIA also said that new technologies like horizontal drilling, hydraulic fracturing and other advanced technologies are enabling energy efficiency, efficiency upgrades and other measures to reduce emissions and improve the efficiency of transportation and energy production.