US Energy Information Administration (EIA) reports

US Becomes Net Energy Exporter as Production Surpasses Consumption for First Time in Over 60 Years

Jul 8, 2024, 11:27 AM

For the first time in more than sixty years, US energy production has surpassed its energy consumption, according to Torsten Slok from Apollo. This significant milestone marks the US as a net energy exporter. The US is now producing more energy than it consumes. US energy consumption peaked before the 2008 Global Financial Crisis and has remained relatively stable since, while energy production has increased sharply.