For the third year in a row energy played a central role in President Obama’s State of the Union address, with the president leaning hard this year on the twin themes of increased domestic oil and gas production and the need to invest more in renewable sources. “Right now, American oil production is the highest that it’s been in eight years,” said Obama. “Not only that — last year, we relied less on foreign oil than in any of the past sixteen years.” Obama has indeed presided over a boom in domestic energy production since taking office. From 2008 to 2011 U.S. crude oil production has jumped 14%, going from 5.1 million barrels per day at the start of 2008 to nearly 5.8 million barrels per day currently, according to the U.S. Energy Information Administration.
EIA
Sign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.People are asking: Can I choose my electricity supplier? http://go.usa.gov/RvR #energy #efficiency #electricity
By Peter GardettPeople are asking: Can I choose my electricity supplier? http://go.usa.gov/RvR #energy #efficiency EIAgov
In #Energy: Wholesale #electricity prices were mostly lower in 2011 http://go.usa.gov/RIF
By Peter GardettToday (Last Year) in #Energy : Wholesale #electricity prices were mostly lower in 2011 http://go.usa.gov/RIF EIAgov
2011 was the year of natural gas.
Production continued to boom while prices continued to stagnate. As the industry began to comprehend this year just how transformative natural gas will be, the public has also become more aware than ever of hydraulic fracturing (“fracking”), the relatively new technology that has unlocked the vast American underground shale plays. Keep reading →
Learning to live with less is an increasingly common experience across the US federal government as budget cuts bite, but the hidden costs of those cuts are often poorly understood.
The energy business, like all industrial sectors, lives off of a continual flow of data. Much of that data originates with the federal government, and for energy much of it arises from the activities of the Energy Information Administration. The EIA’s mission, to provide independent and impartial energy information, has become so widely accepted as to be almost invisible to its users. Keep reading →
People are asking: How much tax do we pay on a gallon of #gasoline ? http://go.usa.gov/8N3 #energy #oil EIAgov
US production of oil and natural gas liquids from shale rock formations shows promise, but do not mean an end for American exposure to global oil markets.
“We are going to be a net importer for a long time,” Energy Information Administration deputy administrator Howard Gruenspecht told Breaking Energy on the sidelines of the US Association for Energy Economics Conference (USAEE) in Washington, DC this week. Keep reading →
