Natural Gas NOW
American oil and gas completely dominated the global energy market in 2018. We’re the king of the hill in oil and in gas with tremendous growth in 2018.
Another great article from the Energy Information Administration (EIA) provides ever more proof green energy scammers have been lying to us. They’ve preached solar and wind like television evangelists for some new cult. They’ve conjured up hedge-fund dreams of ending oil and gas and replacing them with government rent-seeking. They’ve set Walmart roofs ablaze with green branding and real fire to boot. They’ve placed industrial wind machines rising higher than most of Manhattan’s tall buildings in rural faces. Meanwhile, American oil and gas has taken over the world.
Four paragraphs and two charts tell the story of new American oil and gas domination (emphasis added):
U.S. petroleum and natural gas production increased by 16% and by 12%, respectively, in 2018, and these totals combined established a new production record. The United States surpassed Russia in 2011 to become the world’s largest producer of natural gas and surpassed Saudi Arabia in 2018 to become the world’s largest producer of petroleum. Last year’s increase in the United States was one of the largest absolute petroleum and natural gas production increases from a single country in history.
For the United States and Russia, petroleum and natural gas production is almost evenly split; Saudi Arabia’s production heavily favors petroleum. Petroleum production is composed of several types of liquid fuels, including crude oil and lease condensate, natural gas plant liquids (NGPLs), and bitumen. The United States produced 28.7 quadrillion British thermal units (quads) of petroleum in 2018, which was composed of 80% crude oil and condensate and 20% NGPLs.
U.S. crude oil production increased by 17% in 2018, setting a new record of nearly 11.0 million barrels per day (b/d), equivalent to 22.8 quadrillion British thermal units (Btu) in energy terms. Production in the Permian region of western Texas and eastern New Mexico contributed to most of the growth in U.S. crude oil production. The United States also produced 4.3 million b/d of NGPLs in 2018, equivalent to 5.8 quadrillion Btu. U.S. NGPL production has more than doubled since 2008, when the market for NGPLs began to expand.
U.S. dry natural gas production increased by 12% in 2018 to 28.5 billion cubic feet per day (Bcf/d), or 31.5 quadrillion Btu, reaching a new record high for the second year in a row. Ongoing growth in liquefied natural gas export capacity and the expanded ability to reach new markets have supported increases in U.S. natural gas production.
It’s the shale revolution, baby, and this isn’t all. As the Wall Street Journal noted in a recent editorial:
Also note that energy-related CO2 emissions declined by 14% in the U.S. from 2005 to 2017 while increasing 21% globally. Most of the U.S. reduction was due to natural gas replacing coal. Carbon dioxide emissions fell five times more in Ohio and four times more in Pennsylvania between 2006 and 2016 than in California, which had long banished coal.
Yes, American oil and gas also dominates in green progress. Forget the hucksters, ignore the green propaganda, throw political correctness to the wind and face the truth; the shale revolution has succeeded.