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Stock impact report

US Energy Production Chalks Up Another Record [zero hedge]

U.S. Energy Corp. (USEG) 
US:NASDAQ Investor Relations: usedc.com/financial-advisors-investors
Company Research Source: zero hedge
US Energy Production Chalks Up Another Record Authored by Alex Kimani via OilPrice.com, EIA: U.S. Energy production rose 4% to nearly 103 quadrillion British thermal units (quads) in 2023. Dry natural gas production increased 4% in 2023 and 58% since 2013 while crude oil production has grown 9% since 2022 and 69% since 2013. On the flip side, U.S. energy consumption fell 1% largely driven by a 17% decline in coal consumption. For decades, the United States has been a net consumer of energy, using up more energy than it produces. However, a sharp increase in oil and gas production following the shale boom as well as the ongoing renewable energy revolution has helped change the energy trajectory over the past 15 years. And now the U.S. Energy Information Administration (EIA) has reported that U.S. energy production exceeded consumption by record amounts in 2023. According to the EIA, U.S. Energy production rose 4% to nearly 103 quadrillion British thermal units (quads) in 2023, a record Show less Read more
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