Monday, September 23, 2019

US Energy Independence


The US is forecast to reach oil independence by 2021. In 2020, US consumption is forecast at 20.85 million barrels per day. and US production is forecast at 19.84 million barrels per day.  

US Oil Production in (millions of barrels per day)

Production 2017 2018 2019 2020
Crude Oil  9.35 10.99 12.24 13.23
LNG          3.78   4.35   4.96   5.40
Ethanol     1.04   1.05   1.03   1.04
Biodiesel   0.10  0.12   0.13    0.15
Total       14.27 16.51 18.36 19.82

US Oil Consumption in (millions of barrels per day)

US Usage  2017 2018   2019  2020
Gasoline  9.33    9.32    9.30   9.31
Fuel Oil    3.93    4.13    4.09   4.18
LNG         2.64    2.99    3.20   3.37
Jet Fuel    1.68    1.71    1.78   1.84
Total       19.96  20.45   20.59 20.85


US Natural Gas Production is forecast to reach 100.55 billion cubic feet in 2020.  US Natural Gas Consumption is forecast to reach 85.34 billion cubic feet in 2020.  We are a net exporter of natural gas. This is critical in reducing our trade deficit.

US Natural Gas Production in (billion cubic feet per day)

Production   2017  2018   2019  2020
Dry Gas       74.77 83.39  91.39  93.19
Dry Imports   8.12    7.70    7.30   7.18
LNG Imports 0.21    0.21    0.17    0.22
Total            79.99  89.69  98.40 100.55

US Natural Gas Consumption in (billion cubic feet per day)

US Usage     2017  2018  2019  2020
Residential   12.09 13.63 13.82 13.59
Commercial   8.67    9.52   9.63   9.38
Industrial      21.78  22.70 22.94  23.72
Electric Util. 25.39   29.11 30.55  30.79
Total            74.32   82.07 84.51  85.34


US Coal Production is forecast to reach 617.3 metric tons in 2020.  US Coal Consumption is forecast to reach 85.7 metric tons in 2020.  We are a net exporter of coal. This is critical in reducing our trade deficit.

US Coal Production in (million short tons)

US Supply   2017  2018   2019  2020
US Product  774.6 755.5  673.9 617.3
Imports            7.8     6.0      6.7    5.3
Exports          97.0 115.6    94.2   85.7

US Usage   2017  2018  2019  2020
Electric Util 665.0 636.5 542.7 499.5
Industry        51.9   50.8   50.7   49.0
Total            716.9 687.3 519.4 548.4


Norb Leahy, Dunwoody GA Tea Party Leader

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