Domestic Energy Propels Another Record
Total US net imports of energy as a share of energy consumption fell to their lowest level in 29 years for the first six months of 2014, according to the US Energy Information Administration.
Total energy consumption in the first six months of 2014 was 3 percent above consumption during the first six months of 2013, but consumption growth was outpaced by increases in total energy production. These changes led to a 17 percent reduction in net imports compared with the first six months of 2013.
Total energy consumption increased every month in 2014 compared with the same month in 2013. However, 81 percent of the total increase in consumption came in January and February, reflecting the effect of colder weather during the polar vortex. Natural gas accounted for 55 percent of the 2014 year-to-date increase, coal for 24 percent, renewable energy for 12 percent, petroleum for 8 percent and nuclear electric power for 3 percent.
The increase in total energy production was almost entirely concentrated in petroleum and natural gas. Petroleum accounted for 52 percent of the 2014 year-to-date increase, natural gas for 27 percent, renewable energy for 9 percent, and nuclear electric power for 2 percent. In contrast, total coal production fell 1 percent.
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