Petro Facts

In my preceding post about “progressives” creating an alternative reality, there is perhaps no place more descriptive of this behavior than their beliefs surrounding energy, particularly hydrocarbon based energy.

Let me drop some knowledge on you from the Institute for Energy Research. All of this data is footnoted in the more detailed report and most is from an authority that “progressives” will believe – the US federal government and its agencies:

  • In 2011, the United States produced 23.0 trillion cubic feet of natural gas, making it the world’s largest natural gas producer.
  • In 2011, the United States produced 5.67 million barrels of oil, making it the world’s third largest oil producer.
  • Proved conventional oil reserves worldwide more than doubled from 642 billion barrels in 1980 to more than 1.3 trillion barrels in 2009.
  • The United States is home to the richest oil shale deposits in the world—estimates are there are about 1 trillion barrels of recoverable oil in U.S. oil shale deposits, nearly four times that of Saudi Arabia’s proved oil reserves.
  • The United States has 261 billion tons of coal in its proved coal reserves. These are the world’s largest coal reserves and over 27 percent of the world’s proved coal reserves.
  • The United States produces nearly 1.1 billion short tons of coal a year, making it the world’s second largest coal producer. China produces over 3.5 billion short tons a year.
  • The United States has 486 billion tons of coal in its demonstrated reserve base, enough domestic coal to use for the next 485 years at current rates of consumption. These estimates do not include Alaska’s coal resources, which according to government estimates, are larger than those in the lower 48 states.
  • The federal government leases less than 3 percent of federal lands for oil and natural gas production—2.2 percent of federal offshore areas and less than 5.4 percent of federal onshore lands.
  • The world could hold more than 700 quadrillion (700,000 trillion) cubic feet of methane hydrates—more energy than all other fossil fuels combined.

Renewable energy facts:

  • In 2011, wind power produced 1.2 percent of the energy used in the United States.
  • In 2011, solar power produced 0.1 percent of the energy used in the United States.
  • Total federal subsidies in fiscal year 2007 were $24.34 per megawatt hour for solar-generated electricity and $23.37 per megawatt hour for wind, compared with $1.59 for nuclear, $0.67 for hydroelectric power, $0.44 for conventional coal, and $0.25 for natural gas and petroleum liquids.
  • In fiscal year 2010, the subsidies were even higher. For solar power, they were $775.64 per megawatt hour, for wind $56.29, for nuclear $3.14, for hydroelectric power $0.82, for coal $0.64 and for natural gas and petroleum liquids $0.64.
  • In 2011, hydroelectric power contributed 3.3 percent of the energy used in the United States and 7.9 percent of the electricity.
  • Today, there are 104 nuclear reactors in the United States and construction began for all of these reactors prior to 1974.

Thanks to John Hinderaker at Powerline for the link to the report.

8 thoughts on “Petro Facts

  1. So, let me see if I understand what these numbers are actually telling me:

    “The Left is FOS when they say our use — the U.S.’s use — of fossil fuels is destroying the environment?”

    Is that about right?

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