President Obama has said, "We can't have an energy strategy for the last century that traps us in the past. We need an energy strategy for the future -- an all-of-the-above strategy for the 21st century that develops every source of American-made energy."
The United States Mission to the Organization for Economic Cooperation and Development (OECD) has taken that on board and run with it -- we're working with our strongest and most reliable economic allies through the International Energy Agency (IEA) to promote safe and efficient development of unconventional gas from shale reserves -- so-called “fracking.” This unconventional gas revolution provides low-cost fuel to heat homes, fire up industries (petrochemical, steel, glass, aluminum and fertilizer), and create thousands of jobs. We engage with IEA members and beyond to ensure the sustainability and sharing of this new energy bonanza.
More indicators suggest the United States is on the right track. In its flagship publication, the 2012 World Energy Report (WEO), released this month, IEA energy experts and economists forecast that the United States will overtake Saudi Arabia and Russia to become the world's largest global oil producer by 2017. Furthermore, the United States will be essentially energy self-sufficient by 2030, thanks to a transformation of the oil and gas sector, and the near doubling of fuel-efficiency measures in transport, which the Obama Administration launched last year.
The IEA is a world-renowned inter-governmental consultancy focused on maintaining global energy security through fact-based analyses and recommendations. As an autonomous agency of the Organization for Economic Cooperation and Development, the IEA acts as energy policy advisor for its 28-member countries and focuses on energy security, economic development, environmental awareness and global engagement. The IEA focuses on broad energy issues including oil crisis management, climate change policies, market reform, energy technology, and global outreach to partner countries including China, India and Russia.
As a founding member of the IEA, the United States' participation in the IEA helps maintain stable U.S. oil supplies, and supports efforts world-wide to promote reliable, affordable, and clean energy.
For more information about United States efforts at the IEA or OECD, visit our website or call Zoë Mezin, Public Affairs Advisor at the United States Mission to the OECD: +33 (0)1 43 12 74 26.