I suspect this won't last long and I sincerely hope this can be kept apolitical because if this article isn't relevant to this forum then what is? This news is counter to what many believe and while I suspect it will not change many people's minds and there will likely and predictably be attacks on Mr. Rapier and the veracity of the data, at least BITOGers get to see the data and the article.
"Last month the EIA released data showing energy production and consumption numbers for all of 2022. You can see all the data here. In 2022, U.S. net energy exports grew to 5.94 quads, which is the highest number on record. Total U.S. energy production was also the highest on record. Overall, the U.S. produced 2.5% more energy in 2022 than we consumed. By comparison, in 2005 the U.S. consumed 44% more energy than we produced.
In conclusion, 2022 marked the highest level of US energy independence since before 1950. This milestone was achieved through a combination of factors, including the shale boom which led to a steady decline in net energy imports, rather than being solely attributed to any specific presidential administration."
In case you doubt Mr. Rapier's credentials - Robert Rapier is a chemical engineer in the energy industry. Robert has 25 years of international engineering experience in the chemicals, oil and gas, and renewable energy industries, and holds several patents related to his work. He has worked in the areas of oil refining, oil production, synthetic fuels, biomass to energy, and alcohol production. He is author of Utility Forecaster at Investing Daily, and of the book Power Plays: Energy Options in the Age of Peak Oil. Robert has appeared on 60 Minutes, The History Channel, CNBC, Business News Network, CBC, and PBS, and his energy-themed articles have appeared in numerous media outlets, including the Wall Street Journal, Washington Post, Christian Science Monitor, and The Economist.
www.forbes.com
"Last month the EIA released data showing energy production and consumption numbers for all of 2022. You can see all the data here. In 2022, U.S. net energy exports grew to 5.94 quads, which is the highest number on record. Total U.S. energy production was also the highest on record. Overall, the U.S. produced 2.5% more energy in 2022 than we consumed. By comparison, in 2005 the U.S. consumed 44% more energy than we produced.
In conclusion, 2022 marked the highest level of US energy independence since before 1950. This milestone was achieved through a combination of factors, including the shale boom which led to a steady decline in net energy imports, rather than being solely attributed to any specific presidential administration."
In case you doubt Mr. Rapier's credentials - Robert Rapier is a chemical engineer in the energy industry. Robert has 25 years of international engineering experience in the chemicals, oil and gas, and renewable energy industries, and holds several patents related to his work. He has worked in the areas of oil refining, oil production, synthetic fuels, biomass to energy, and alcohol production. He is author of Utility Forecaster at Investing Daily, and of the book Power Plays: Energy Options in the Age of Peak Oil. Robert has appeared on 60 Minutes, The History Channel, CNBC, Business News Network, CBC, and PBS, and his energy-themed articles have appeared in numerous media outlets, including the Wall Street Journal, Washington Post, Christian Science Monitor, and The Economist.
U.S. Energy Independence Soars To Highest Level In Over 70 Years
Newly released data from the Energy Information Administration provides a clear picture of U.S. energy independence in 2022.
www.forbes.com
I think our emergency oil reserves are at the lowest point in 40 years or so as well.
