Agricultural Economics Department

 

Date of this Version

10-31-2012

Citation

Cornhusker Economics (October 31, 2012)

Comments

Published by University of Nebraska–Lincoln Extension, Institute of Agriculture & Natural Resources, Department of Agricultural Economics. Copyright © [2012] Board of Regents, University of Nebraska. http://agecon.unl.edu/cornhuskereconomics

Abstract

In 2011, the U.S. consumed 97 quadrillion Btus of energy. This amounted to 41 percent of energy consumed by countries belonging to the Organization of Economic Cooperation and Development (OECD), and 18 percent of energy consumed worldwide that year. Fossil fuels accounted for 82 percent of U.S. energy consumption, with petroleum accounting for 36 percent, natural gas for 26 percent and coal for 20 percent. Renewable energy and nuclear power accounted for nine percent each. Of a total U.S. supply of 108 quadrillion Btus, 26 percent was imported and most of it (85 percent) was crude oil. The shares of energy consumption by end-user sectors were 31 percent for the industrial sector, 28 percent for the transportation sector, 22 percent for the residential sector, and 19 percent for the commercial sector.

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