Petroleum is the largest U.S. energy source, and along with natural gas and coal, these natural resources provide over 80% of our country’s energy consumption. Data Source: U.S. Energy Information Administration.
Crude Oil (Barrels)
YTD Consumption
2528112771
Today's Consumption
13779108
Consumption Since You Arrived
0
Natural Gas (Cubic Feet)
YTD Consumption
11181308361794
Today's Consumption
60942083333
Consumption Since You Arrived
0
Oil & Natural Gas Contribution to U.S. Economy Fact Sheet
Did you know …?
That, based upon the latest IRS statistics, oil and natural gas companies lead all other industries in bringing back on average over $100 BILLION a year from foreign operations?
https://www.api.org/-/media/Files/Policy/Taxes/DM2018-086_API_Fair_Share_OnePager_FIN3.pdf
Source: American Petroleum Institute (api.org)
Petroleum has historically been the largest major energy source for total annual U.S. energy consumption. We use petroleum products to propel vehicles, to heat buildings, and to produce electricity. In the industrial sector, the petrochemical industry uses petroleum as a raw material (a feedstock) to make products such as plastics, polyurethane, solvents, and hundreds of other intermediate and end-user goods.
https://www.eia.gov/energyexplained/oil-and-petroleum-products/use-of-oil.php
Source: U.S. Energy Administration (EIA)
-In 2019, the United States consumed about 31.01 trillion cubic feet (Tcf) of natural gas.
-Most U.S. natural gas use is for heating and generating electricity, but some consuming sectors have other uses for natural gas.
https://www.eia.gov/tools/faqs/faq.php?id=50&t=8
Source: U.S. Energy Administration (EIA)
Natural gas is also being as a cleaner energy source in the following ways:
https://www.api.org/news-policy-and-issues/natural-gas-solutions/what-is-natural-gas
Source: American Petroleum Institute (api.org)