Posted June 9, 2014
U.S. Energy Security Reaches Highest Level in a Quarter Century
Wall Street Journal (Joseph Nye): HOUSTON — The United States produced enough energy to satisfy 84 percent of its needs in 2013, a rapid climb from its historic low in 2005, according to a report from the U.S. Energy Information Administration.
The nation produced 81.7 quadrillion British thermal units of energy last year and consumed 97.5 quadrillion, the highest ratio since 1987. The nation’s energy output rose 18 percent from 2005 to 2013, as a surge in oil and gas production offset declines in coal. Meanwhile, its total energy used fell 2.7 percent during that period.
The nation’s ability to meet its own energy needs hit an all-time low in 2005, when the amount of energy produced domestically met just 69 percent of demand. The last time the United States’ energy production exceeded its energy use was in the 1950s, according to the Energy Information Administration, an agency of the Energy Department.
It attributed the nation’s rising energy security largely to the increased production of oil and natural gas, which has been fueled by the domestic shale boom. The rise of new drilling and production technology, namely hydraulic fracturing and horizontal drilling, has allowed companies to tap more reservoirs deeply buried in dense rock formations.
Read more: http://bit.ly/UoKTlr
More industry news:
Oklahoma Poised to Become Top Oil Producer: http://bit.ly/1kWXtlx
Shale Gas is America’s Geopolitical Trump Card: http://on.wsj.com/SHjycT (subscription publication)
How Much Does Your College Major Carry in the Real World? http://bit.ly/1o6kkOZ
Nigerian Oil Exports to U.S. Severely Hit by Shale Production: http://bit.ly/1o6l0UC
Only a Fraction of Big Gas Export Projects Will Be Built, Shell Says: http://bit.ly/1liKSZK
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.