Friday, December 6, 2019

US Deficit Reduction Strategy


US Petroleum Imports cost $215 billion. Increases in US oil production are eroding this deficit cost.

US Oil Production
2016  9 million bbd
2017  9 million bbd
2018  10 million bbd
2019  12 million bbd
2020  13 million bbd

US Oil Consumption is 20.5 million bbd.

The US produces more coal than it consumes.

US Coal Production
2017  775 million short tons
2018  756 million short tons
2019  698 million short tons

US Coal Consumption
2017  717 million short tons
2018  687 million short tons
2019  610 million short tons


The US produces more natural gas than it consumes.

US Natural Gas Production
2016  26.5 trillion cubic feet
2017  29.5 trillion cubic feet
2018  33.0 trillion cubic feet
2019  34.8 trillion cubic feet


US Natural Gas Consumption
2016 27.4 trillion cubic feet
2017 27.1 trillion cubic feet
2018 30.1 trillion cubic feet
2019 30.1 trillion cubic feet


Norb Leahy, Dunwoody GA Tea Party Leader

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