Posted October 10, 2014
Net Energy Imports at Lowest Level in 29 Years
EIA - Today in Energy: Total U.S. net imports of energy as a share of energy consumption fell to their lowest level in 29 years for the first six months of 2014. Total energy consumption in the first six months of 2014 was 3% above consumption during the first six months of 2013, but consumption growth was outpaced by increases in total energy production. These changes led to a 17% reduction in net imports compared with the first six months of 2013.
Total energy consumption increased every month in 2014 compared with the same month in 2013. However, 81% of the total increase in consumption came in January and February, reflecting the effect of colder weather during the polar vortex. Natural gas accounted for 55% of the 2014 year-to-date increase, coal for 24%, renewable energy for 12%, petroleum for 8%, and nuclear electric power for 3%. Of the total natural gas consumption increase, the residential and commercial sectors accounted for 69% of the gain, again reflecting the cold winter, while 30% of the increase came from the industrial sector, continuing a long-term trend toward higher industrial use of natural gas.
The increase in total energy production was almost entirely concentrated in petroleum and natural gas. Petroleum accounted for 52% of the 2014 year-to-date increase, natural gas for 27%, renewable energy for 9%, and nuclear electric power for 2%.
Read more: http://1.usa.gov/1o3p48J
More industry news:
Editorial: Energy is Key to Michigan’s Future: http://bit.ly/1oXCNZx
Report: Texas Oil Juggernaut Threatened by Fed, Environmentalists: http://bit.ly/1ED6CZs
Fracking Reshapes Economy, Politics: http://on.mktw.net/1C182ZL
Winter Heating Bills Will Be Lower, Says EIA: http://s.cleveland.com/KnNf1ck
Opinion: Science on Fracking's Side. http://trib.me/1xvBrud
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.