America now occupies a position of energy leadership that was unthinkable a short time ago. Gone are the days of uncertainty and concern over having the supply of energy we need, when we need it. Today, the United States is the world’s top producer of natural gas, the world’s leading refiner of petroleum products, and very soon could be the leading producer of oil…But this is only part of America’s larger energy story. The United States is in the midst of a new era in domestic energy abundance characterized by rising use of renewable energy and increased oil and natural gas production that is strengthening our economic outlook and enabling America to emerge as a global energy superpower.
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Our Energy Tomorrow: The State of American Energy
Friday, January 9th, 2015Oil & Natural Gas Transportation & Storage Infrastructure: Status, Trends, & Economic Benefits
Wednesday, January 8th, 2014AMERICAN PETROLEUM INSTITUTE
Over the past five years, unconventional oil and gas activity has thrust the nation into an unexpected position. The U.S. is now the global growth leader in crude oil production capacity growth, adding nearly 1.2 million barrels per day (mbd) of capacity over the 2008 – 2012 time period. In addition, the U.S. is now the largest natural gas producer, at 65 billion cubic feet (Bcf) per day. At the same time, unconventional activity is spurring the growth of natural gas liquids (NGLs) production, adding over 500,000 barrels of oil equivalent (boe) per day since 2008. This has brought the total increase in liquids production capacity to some 1.7 mbd since 2008.
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