The Energy Information Administration recently posted December export numbers that showed the U.S remained energy independent in 2021.
When President Trump took over, the downward trend continued. During President Trump’s last year in office, the net import number turned negative. It is therefore true that we gained energy independence under President Trump. Net exports in 2020 averaged 635,000 BPD for the year.
What wasn’t clear was whether the U.S. would be a net exporter for the entire year of 2021. But the Energy Information Administration recently posted the numbers for December, and we now have an answer. Net exports grew each month from September through December to push the final average for the year to a net export number of 162,000 BPD. That is significantly down from 2020, but it is still energy independent according to the net export definition.
Because of some months in which we imported a lot of oil, I thought we probably had lost our net exporter status at some point. It turns out I was wrong.This graphic gives a more nuanced picture of events over time. It shows that our march toward energy independence stalled in 2015 and 2016. What happened in those years? That’s when Saudi Arabia tried to put the U.S. shale drillers out of business by flooding the market with oil and collapsing the price.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Remote work means using more energy: here's how to cut that higher energy billWith more people working from home in a post-pandemic world, here are a few tips to help save energy in a remote work environment.
Read more »
EU leaders fail to agree on deadline to phase out Russian energyAs European Union leaders wrapped their two-day summit in Versailles, France, on Friday, they did so without reaching consensus on one key issue: when to end the bloc’s outsize energy dependence on Russia.
Read more »
Insiders Debate How to Secure America's Future Energy Needs at the Industry's Biggest GatheringEnergy industry executives gathered in Houston at a pivotal time, as Russia’s war on Ukraine brings energy security and the shift to renewables to the fore.
Read more »
Xbox consoles can now download updates in Energy Saver modeXbox owners can save in energy and still keep updated.
Read more »
Russia's war idles some European mills as energy costs soar“My heat, my thermostat, is actually paying for Putin’s missiles and bombs.” Russia's war in Ukraine has sent European energy prices ever higher, forcing Italian paper mills to idle and fishermen to stay in port.
Read more »
Rusty metal could be the battery the energy grid needsWe need more ways to store renewable energy. These scientists are finding ways to overcome metal-air batteries current shortcomings.
Read more »