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US primed to achieve net energy self-sufficiency

The US looks set to achieve net energy self-sufficiency within two decades, but it could be a lot faster than that if innovation is allowed to flourish in a stable business environment, according to a panel of US politicians and business leaders

They also warned that trying to pick winners and losers rather than fostering technological improvement across the spectrum of potential energy sources could mean missing the next big thing to compete with shale gas and tight oil. “No one in 2005 could predict with any certainty what was going to happen with natural gas, so what you have to expect is the unexpected,” Ken Hughes, minster of Energy for the Canadian province of Alberta, told WEC 2013 delegates. “There will be a day when oil and gas will not be the belles of the ball. We have to be ready for that,” he added. Renewable energy is expected to play a major role in US energy provision in coming years. BP forecast in its Energy Outlo

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