United States energy report

• The US has set a new target of a 50-52% reduction in GHG emissions in 2030 compared to 2005 level.
• Ten large electricity companies own about 30% of the total capacity.
• Since 2018, Chevron topped ExxonMobil as the country's biggest crude and NGL producer.
• The US is the largest producer of both oil and gas worldwide.
• Oil production decreased by 5% in 2020, after a decade-long increase driven by non-conventional oil, and did not fully recover in 2021.
• Renewables reached 21% of the power mix in 2021 and carbon free sources 39%.
• US energy prices are generally around 40-50% below the OECD average.
• Total energy consumption only partly recovered in 2021 after a sharp drop in 2020 (+4% vs -8%). A significant rebound of coal consumption was observed in 2021 (+10%).
• LNG export capacities are expected to increase by more than 50% by 2026 and LNG export volumes to double by 2050.
• More than 40% of the coal-fired capacity will be retired by 2030, as well as almost 20% of the nuclear capacity by 2033.

• Institutions & Energy Policy

  The Department of Energy (DoE) oversees the coordination of all the national activities concerning the production, regulation, management, and conservation of energy. The Office of Energy Efficiency and Renewable Energy is in charge of developing and promoting energy technologies that contribute to "sustainable" development.

• Energy Supply

  Resources:

  The United States has substantial energy resources. Oil reserves are estimated at around 69 Gbl (located mainly in 5 states/areas: Texas, North Dakota, Gulf of Mexico, Alaska, and California). Of these reserves, around a third is shale oil. Total gas reserves are estimated at 13 171 bcm (end of 2021), 73% of which is shale gas. Coal reserves are 219 Gt, with an additional 30 Gt of lignite.

• Energy Prices

  Electricity:

  The average prices of electricity are $13.5c/kWh for households and $7c/kWh for industry in 2021. Residential and industry prices have been increasing slightly since 2015. Household and industry prices are the lowest in the OECD (39% and 44% below the OECD average, respectively, in 2021).

• Energy Consumption

  Per capita consumption was around 6.4 toe/cap (including 12 MWh/cap of electricity) in 2021, which is more than 60% higher than the OECD average.

• Issues & Prospects

  Official EIA long-term forecasts (AEO- Annual Energy Outlook 2022, reference scenario) expect energy consumption to increase by 27% until 2050 (0.9%/year on average).

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

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Below is a list of the United States energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2021, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2021, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Electricity prices for industry and households (US$c/kWh)
• GRAPH 7: Gas prices for industry and households (US$c/kWh GCV)
• GRAPH 8: Consumption trends by energy source (Mtoe)
• GRAPH 9: Total consumption market share by energy (2021, %)
• GRAPH 10: Final consumption market share by sector (2021, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2021, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2021, %)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2021, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2021, %)

In the United States energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

The United States country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

• Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
• Power: Electricity generation & capacities, by technology.
• CO₂: Total CO₂ emissions.
• Macro-economy: Main macro-economic assumptions.
• Key indicators: Energy intensity, share of renewables, CO₂ emissions per capita and per unit of GDP.