Posted July 22, 2014
Chart of the Day: The Great American Energy Boom
AEI Carpe Diem Blog:
The chart above helps to illustrate the significance of America’s shale oil and gas boom by showing the combined domestic output of US oil and gas (in quadrillion BTUs, EIA data here). After production of conventional oil and gas peaked around 1970 at almost 45 quadrillion BTUs, there was a gradual, steady decline that continued until about 2005, when combined production had dropped to a 43-year low of 31.85 quadrillion BTUs, the lowest level since 1962. If that trend had continued, the US would now be producing only about 30 quadrillion BTUs of oil and gas (or less), which would have put us back to the production level of the late 1950s.
Read more: http://bit.ly/1nbkx1e
More industry news:
Federal Lands Deserve an Energy Boom Too: http://onforb.es/1mATAz3
Blog: Chicago Adds to the E15 Debacle: http://bit.ly/1rHoCLc
Construction Begins in Texas on World’s Largest Carbon Capture Facility: http://bit.ly/1rphXG5
Ohio Businesses Benefit from Shale Boom: http://bit.ly/1rHCtkF
University Fund Gets a Boost from Texas Oil Production: http://bit.ly/1p7tZiY
API CEO Urges U.S. Exports of Oil, Natural Gas to Europe: http://bloom.bg/Umxb21
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.