U.S. Energy Independence Soars To Highest Level In Over 70 Years

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..."Net U.S. exports grew from 0.61 quadrillion British thermal unit (Btus) — or “quads” — in 2019 to 3.48 quads in 2020. In 2021, President Biden’s first year in office, net exports increased slightly more to 3.62 quads.

Last month the EIA released data showing energy production and consumption numbers for all of 2022. You can see all the data here. In 2022, U.S. net energy exports grew to 5.94 quads, which is the highest number on record. Total U.S. energy production was also the highest on record. Overall, the U.S. produced 2.5% more energy in 2022 than we consumed. By comparison, in 2005 the U.S. consumed 44% more energy than we produced.

In conclusion, 2022 marked the highest level of US energy independence since before 1950. This milestone was achieved through a combination of factors, including the shale boom which led to a steady decline in net energy imports, rather than being solely attributed to any specific presidential administration."