The United States is the world's largest energy producer, consumer, and net importer. It also ranks eleventh worldwide in reserves of oil, sixth in natural gas, and first in coal. Since the mid 1950s, domestic usage of energy has exceeded the domestic production levels of all
energy used by industry, transportation, commercial and residential users. With the exception of a brief rollback in the late 1970s and early 1980s domestic consumption continues to outpace consumption despite additional technology that has created new energy resources and improved the production efficiencies of traditional energy supplies.
Most energy produced in the United States comes from fossil fuels -- coal, natural gas, and crude oil. Coal, the leading source at the middle of the 20th century, was surpassed by crude oil and natural gas for many years, but again became the leading source of energy in the mid-1980s, used primarily for electric generation.
With increased economic output, the US requires more energy in 2008 than 2006 and 2007. Oil & Gas Journal (OGJ) forecasts that total energy demand will be 202.34 quadrillion btu (quads) in 2008.
Energy efficiency, the amount of energy consumed per dollar of GDP, will improve slightly in 2008. The energy efficiency ratio has improved nearly each year since 1970.
This report covers all the sectors of the US energy industry and analyzes each in details, dealing with privatization issues, production/consumption data, energy industry reforms, major players in the industry, regulatory frameworks governing the market, and much more. It is a complete coverage of the energy industry in the United States.
View Table of ContentsPages: 240
Publication Date: April 2008
Publisher: Energy Business Reports
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