The US set new record highs for both oil and gas production in 2015 and the US remained the world’s largest producer of oil, natural gas, renewables and nuclear power
- The US set a new record for oil production at 12.7 mb/d in 2015.
- The US set a new record for natural gas production at 74.2 bcf/d in 2015.
- US CO2 emissions from energy use declined by 2.6% in 2015, faster than the 10-year average of -1.1%.
-0.9% Decline in US energy consumption
17.3% US share of global energy consumption
+1 Mb/d Growth in US oil production
- Increasing consumption of natural gas (+3.0%), oil (+1.6%) and renewables in power (+7.5%), were not enough to outweigh declines in coal (-12.7%) and hydro (-3.2%) (nuclear consumption remained unchanged).
- Oil remains the dominant fuel, accounting for 37% of US energy consumption. Oil consumption increased by 290 kb/d in 2015 but remains 1.4 mb/d below the record high set in 2005.
- US natural gas consumption (31% of US energy consumption) continued to grow in 2015 and set a new record high at 75.3 bcf/d. The US remains the world’s largest consumer of gas (23% of global consumption).
- Coal consumption (17% of US energy consumption) declined by 57 mtoe to 396 mtoe, the largest decline in the world in 2015.
- Renewables in power (3% of US consumption) increased by 5 mtoe in 2015, the US remains the world’s largest consumer of renewable energy. Hydro (3% of US consumption) declined for the fourth consecutive year in 2015.
- US production growth of oil (+8.5%), natural gas (+5.4%), renewables in power (+7.5%), and biofuels (+2.9%), outweighed declines in coal (-10.4%) and hydro (-3.2%).
- Primary energy production grew by 1.6% (+32 mtoe) in 2015. Domestic production was sufficient to meet 91% of domestic consumption, the highest ratio since 1982.
- US oil production increased by 1 mb/d in 2015 to 12.7 mb/d, a slowdown compared to 2014 growth, but still the largest increase in the world in 2015.
- US natural gas production increased by 3.7 bcf/d in 2015, accounting for over 50% of global gas growth last year.
- US net oil imports fell by 440 kb/d to 4.8 mb/d, the lowest level since 1985. Natural gas imports declined by 0.7 bcf/d to 2.6 bcf/d, the lowest level since 1986.
- Energy intensity (the amount of energy required per unit of GDP) declined by 3.2% in 2015, much faster than the 10-year average of -1.7%.