US Production To Increase Faster Than Projected Earlier -- EIA

Link here to Oil & Gas Journal.
Advanced technologies will increase US oil production more quickly than previously forecast, the US Energy Information Administration said as it released its 2013 Annual Energy Outlook reference case. Production will rise more quickly than demand as more stringent motor vehicle efficiency standards take effect, it indicated.

The reference case is the earliest release of EIA’s annual projections and provides only a baseline for scenarios that will be developed for the final AEO, to be released next spring, Sieminski said. It also marked the first time that IEA has projected estimates to 2040 and used a Brent crude reference price, he added.
Data points, US domestic oil production:

• 2011: averaged 5.67 million bopd
• 2025: 6.79 million bopd (est) [prev est: 6.4 million bopd]
• 2035: 6.26 million bopd (est) [prev est: 5.66 million bopd]

Meanwhile imports will fall from 8.67 million bopd in 2011 to 7.08 million in 2025, and 7.06 million bopd in 2035

Rounding:

• Domestic production: 6 million bopd in 2011 --> 6 million bopd in 2035
• Imports: 9 million bopd in 2011 --> 7 million bopd in 2035