american energy dominance 10.18 · 10/18/2018  · after a decline in 2016, coal production,...

1
When it comes to energy resources, the U.S. is leading the world in the production of both oil and natural gas. We also have the largest reserves of coal in the world. By developing and using these abundant resources, America is becoming energy domi- nant in the global market place. Energy dominance not only supports U.S. energy security and economic growth, it also bene- fits our partners and allies around the world. Here’s a look at where the U.S. stands when it comes to fossil fuels: Fossil Fuels and American Energy Dominance In addition to our robust oil production, the U.S. also has the largest government-owned stockpile of emergency crude oil in the Strategic Petroleum Reserve (SPR). And, at 660 million barrels, the SPR is by far the largest oil stockpile in the world. The SPR was created after the oil embargo of 1973–74, when the Organization of Petroleum Exporting Countries cut off their supply of oil to the United States. PETROLEUM PETROLEUM The shale revolution in the U.S. boosted American oil production, and we recently became the world’s top producer of crude oil. Reducing our dependence on foreign oil leads to greater energy security, economic security, and job creation. 0 5,000 10,000 15,000 20,000 15,612 United States Saudi Arabia Russia 12,090 11,200 Barrels per day 2017 Petroleum Production NATURAL GAS NATURAL GAS The shale revolution also led to a dramatic shift in the U.S.—and global—energy landscape. The United States is now the top natural gas-producing country, and we have transitioned from a natural gas importer to a natural gas exporter. In fact, our liquefied natural gas (LNG) exports are positively impacting global markets. To date, U.S. LNG exports have landed in 30 different countries on 5 continents. In July 2018, the U.S. Department of Energy issued a rule that will allow faster approval of small-scale natural gas exports, and the Administration is focused on finding more ways to unleash American energy. 0 5,000 10,000 15,000 20,000 25,000 30,000 27,059 United States Russia Iran 21,141 6,528 Billion cubic feet 2015 Natural Gas Production COAL COAL The U.S. has more coal reserves than any other country. Additionally, we remain one of the world’s top producers of coal—third only behind China and India. And, coal accounted for 30.1% of U.S. electricity generation in 2017. After a decline in 2016, coal production, exports, and prices rose again in 2017. In fact, U.S. coal production increased to 773 million short tons (MMst) in 2017. The 45MMst increase over 2016 is the largest year-over-year tonnage increase in coal production since 2001. The U.S. exported 97MMst of coal in 2017, a 61% increase from 2016 exports. And U.S. coal exports have landed in 63 different countries so far in 2018. 0 50000 100000 150000 200000 250000 300000 Million tonnes (Mt) 250,916 United States Russia Australia 160,364 144,818 Proven Coal Reserves at End of 2017 Fossil Energy

Upload: others

Post on 22-Jul-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: American Energy Dominance 10.18 · 10/18/2018  · After a decline in 2016, coal production, exports, and prices rose again in 2017. In fact, U.S. coal production increased to 773

When it comes to energy resources, the U.S. is leading the world

in the production of both oil and natural gas. We also have the

largest reserves of coal in the world. By developing and using

these abundant resources, America is becoming energy domi-

nant in the global market place. Energy dominance not only

supports U.S. energy security and economic growth, it also bene-

fits our partners and allies around the world. Here’s a look at

where the U.S. stands when it comes to fossil fuels:

Fossil Fuels and American Energy Dominance

In addition to our robust oil production, the U.S.

also has the largest government-owned stockpile

of emergency crude oil in the Strategic Petroleum

Reserve (SPR). And, at 660 million barrels, the

SPR is by far the largest oil stockpile in the world.

The SPR was created after the oil embargo of

1973–74, when the Organization of Petroleum

Exporting Countries cut off their supply of oil to

the United States.

PETROLEUMPETROLEUM The shale revolution in the U.S. boosted American oil production, and we recently became the world’s top producer of crude oil. Reducing our dependence on foreign oil leads to greater energy security, economic security, and job creation.

0

5,000

10,000

15,000

20,000

15,612

United States Saudi Arabia Russia

12,090 11,200

Barr

els

per d

ay

2017 Petroleum Production

The rise of the shale revolution in 2014 propelled the United States to become the top oil-producing country in the world by 2016. Eliminating our dependence on foreign oil leads to greater energy security, economic security, and job creation.

In addition to our high oil production, the U.S. also has the world’s largest supply of emergency crude oil in the Strategic Petroleum Reserve (SPR). The SPR was created after the oil embargo of 1973–74, when the Organization of Petroleum Exporting Countries cut off their supply of oil to the United States. Today, despite our petroleum stabili-ty, the United States still uses the SPR to stop disruptions in our oil supply after natural disasters and national emer-gencies. It was most recently used to provide emergency oil after Hurricane Harvey.

Petroleum

NATURAL GASNATURAL GASThe shale revolution also led to a dramatic shift in the U.S.—and global—energy landscape. The United States is now the top natural gas-producing country, and we have transitioned from a natural gas importer to a natural gas exporter. In fact, our liquefied natural gas (LNG) exports are positively impacting global markets. To date, U.S. LNG exports have landed in 30 different countries on 5 continents. In July 2018, the U.S. Department of Energy issued a rule that will allow faster approval of small-scale natural gas exports, and the Administration is focused on finding more ways to unleash American energy.

0

5,000

10,000

15,000

20,000

25,000

30,000 27,059

United States Russia Iran

21,141

6,528Billi

on c

ubic

feet

2015 Natural Gas Production

C OA LC OA LThe U.S. has more coal reserves than any other country. Additionally, we remain one of the world’s top producers of coal—third only behind China and India. And, coal accounted for 30.1% of U.S. electricity generation in 2017.

After a decline in 2016, coal production,

exports, and prices rose again in 2017. In fact,

U.S. coal production increased to 773 million

short tons (MMst) in 2017. The 45MMst

increase over 2016 is the largest year-over-year

tonnage increase in coal production since

2001. The U.S. exported 97MMst of coal in

2017, a 61% increase from 2016 exports. And

U.S. coal exports have landed in 63 different

countries so far in 2018. 0

50000

100000

150000

200000

250000

300000

Mill

ion

tonn

es (M

t)

250,916

United States Russia Australia

160,364144,818

Proven Coal Reserves at End of 2017

FossilEnergy