2023 was a record year for domestic natural gas consumption, and its supply wouldn’t have been possible without record U.S. production, led by Texas, according to several reports.
Texas produced the equivalent of one-third of the natural gas consumed last year, with Texas producers breaking multiple records last year, The Center Square reported.
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The latest figures from the U.S. Energy Information Administration show that Americans are consuming a record amount of natural gas.
In 2023, the U.S. consumed 89.1 billion cubic feet of gas in 2023, which was a record, according to the EIA. Since 2018, American consumption of natural gas increased by an average of 4% annually.
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A new study finds that natural gas is the most effective energy source meeting growing energy demands affordably and reliably, while balancing environmental and human impact.
The “Grading the Grid” study by the Mackinac Center for Public Policy, a pro-free market nonprofit, and Northwood University rates natural gas, coal, petroleum, nuclear, hydroelectric, wind, solar and geothermal generation sources on their reliability, environmental and human impact, cost, innovation and market feasibility.
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Gov. Jay Inslee on Thursday afternoon signed into law a controversial bill meant to allow Puget Sound Energy to start planning how to move away from natural gas.
“This bill creates the roadmap and tools for our state’s largest utility to get out of the fossil fuel business and achieve net zero emissions by 2050,” Inslee said of Engrossed Substitute House Bill 1589 during the bill-signing event from the International Brotherhood of Electrical Workers Local 46 in Kent.
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Domestic oil production in the U.S. reached a new record in November of 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information Administration.
The previous record was 13.25 million barrels per day. That was set in September 2023.
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If the delusional but dead serious demands coming out of the international climate crisis community are to be believed, and as documented in the earlier two segments of this report, achieving universal energy security in the world will require wind energy capacity to increase by a factor of 60, while solar capacity increases by a factor of 100. The mix between wind and solar can vary, of course, but the required overall increase is indisputable. As noted in Part One of this report, that would be a very best-case scenario, where extraordinary improvements in energy efficiency meant that total energy production worldwide would only have to increase to 1,000 exajoules per year, from an estimated 600 exajoules in 2022.
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American billionaires bankrolled an activist campaign targeting liquefied natural gas (LNG) export terminals that influenced the White House’s decision to pause new and pending approvals for the projects, according to The Wall Street Journal.
The philanthropic organizations of the Rockefeller family and Democratic megadonor Michael Bloomberg cumulatively provided millions of dollars to activists who pressured Biden administration officials to crack down on LNG export hubs over the past several years, according to the WSJ. The activists ultimately got their way on Jan. 26, when the White House announced that the administration would pause new project approvals as the Department of Energy (DOE) widens the scope of its reviews to include climate impacts of LNG export terminals alongside considerations like national security and economic benefits.
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The natural gas industry plans to push for more support of a federal program to cover energy costs for low-income families in 2024 while talking up safety and reliability.
“We need to break the poverty cycle by working together,” Jerry Norcia, chairman of the board of the American Gas Association, said in a press call on Monday. “Government, nonprofits and corporations can remove the barriers that prevent access to a prosperous future.”
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