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Given how swiftly expectations have shifted to describe America's energy prospects, however, some caution may be warranted.
An authoritative and comprehensive look at global energy prospects by one of the world's most respected energy scholars.
(As usual, renewables such as wind and solar power flatlined near the bottom of the chart). The milestone was just one more sign of a transformation in the energy prospects of the country—and probably the world.
Last year, I asked this question: "Can China Follow U.S. Shift from Coal to Gas?" The country has vast reserves of shale gas but lacks expertise and experience in hydraulic fracturing, also called fracking, the innovative mix of technologies that is poised to transform America's energy prospects (if drilling is done with communities and the environment in mind).
At the same time the government's income from energy exports, added to other revenues such as from the Suez Canal, is big enough to help keep the overall tax burden light, at 16% of GDP.Better still for Egypt, it has bright energy prospects aside from oil and gas.
China has been pulled in by energy prospects as well, but also by its desire to quash support for Uighur separatists in its western province of Xinjiang.The oil has to be moved from its source to its market, a problem of pipeline politics that has yet to be solved and which affects not only producing countries, but also their neighbours.
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During the long wait while auction rules were rewritten and federal and local governments squabbled over how to share the eventual proceeds, shale oil and gas displaced pré-sal as the world's most exciting energy prospect.
Exploration has been picking up in recent years off the coasts of Newfoundland and Labrador and Nova Scotia, where the federal and provincial governments are trying to replace the flagging fish industries with energy prospecting, and there have been major hydrocarbon discoveries in the last few months.
Research activities on wind energy prospect in Nigeria, whatever the boundary of their uncertainties, have identified that extraordinary potential exists in wind energy for power generation in Nigeria.
But opponents argue the measure which includes jail terms of up to 3 years for violators would damage research and energy prospecting efforts in Italian waters, and that there are less onerous ways to protect sea life.
Still, the company's safety record does not rank it among the gulf's worst operators, but underscores the inherent dangers of offshore energy prospecting and production: The tiniest spark can result in a catastrophic fire or explosion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com