Energy BOOM: The U.S. has quietly set a new all-time record
From Carpe Diem:
… After rising above 56 quadrillion BTUs for the first time in 1969, domestically produced fossil fuels (coal, natural gas and oil) stayed relatively flat ("peaked") for the next 40 years in a range between 56 and 60 quadrillion BTUs.
In 2011, U.S. fossil fuel production rose above 60 quadrillion BTUs for the first time to a new record high. Following that record output in 2011, the U.S. produced an even-greater 62.24 quadrillion BTUs of coal, natural gas and crude oil in 2012, and established a new all-time record.
The 2.74% increase in fossil fuel production from 2011 to 2012 was driven by a 14.8% increase in crude oil production (largest annual increase in US history) and a 4.53% increase in natural gas production, which more than offset an annual 7.23% decrease in coal production last year.
America’s record production of fossil fuels last year was the direct result of…
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