Radyo independence full#
is still energy independent.Whether you’re planning a backyard barbecue, rockin’ road trip, or fireworks extravaganza, tune in to SiriusXM’s Fourth of July specials to keep the party going all weekend long! From classic tracks to the latest hits, thoughtful talk to outrageous comedy, and more, there’s something for everybody to salute the red, white, and blue.Ĭheck out the full broadcast schedule below ( all times ET), tune in to SiriusXM via radio or the app, and start your Independence Day celebration now! In other words, by this metric our level of energy independence will increase once again if these trends continue.īut it’s safe to say - at least per this particular way of measuring energy independence (which is consistent with how the EIA measures is) - the U.S. Further, if the trends in the past three months of 2021 continue, the graph will resume its decline. I would add that it’s not quite as bad as it looks if we were to factor in net exports of coal and natural gas. The average got close to zero, but it never changed back to a net import situation on a rolling 12-month basis. But the downward trend switched directions in June 2021 (which covers the period of June 2020 through May 2021 - portions of both the Trump and Biden presidencies). However, the graph also shows that once we first gained energy independence - which happened in April 2020 on a rolling 12-month basis - we have never lost it. That price recovery helped boost oil production. Between 20, the annual average price of West Texas Intermediate rose more than 50%. That happens to be the first year of Donald Trump’s presidency, but it also corresponds to Saudi Arabia waving the white flag and trying to prop oil prices back up. In 2017, we resumed the march toward energy independence. shale drillers out of business by flooding the market with oil and collapsing the price. What happened in those years? That’s when Saudi Arabia tried to put the U.S. It shows that our march toward energy independence stalled in 20.
This graphic gives a more nuanced picture of events over time. net imports of petroleum and petroleum products Robert Rapier It turns out I was wrong.ġ2-month rolling average of U.S. This shows the evolution of our energy independence over time and smooths out the month-to-month noise.īecause of some months in which we imported a lot of oil, I thought we probably had lost our net exporter status at some point. Instead of looking at calendar years, I looked at the 12-month average for each month. (I should note that sometimes the EIA revises these numbers, but it would take some pretty big revisions to change the energy independence status of 2021).īut these numbers prompted me to wonder whether we had lost our energy independence on a rolling 12-month basis after we initially gained it. But, the full calendar years of 20 both turned out to be net export years. We had lost our energy independence several times on a monthly basis since May 2020. That is significantly down from 2020, but it is still energy independent according to the net export definition. Net exports grew each month from September through December to push the final average for the year to a net export number of 162,000 BPD. But the Energy Information Administration (EIA) recently posted the numbers for December, and we now have an answer. would be a net exporter for the entire year of 2021. In other months, we were a significant net exporter. In certain months, we were net importers (and hence, lost our “energy independence” per that definition). In 2021, we oscillated between net imports and net exports on a month-to-month basis. became a net exporter for the first time in modern history. In the second half of the year, net imports once again became net exports. imported (net) three quarters of a million BPD. But then by May we had to start importing again. For the first four months of 2020, net exports averaged one million BPD. energy demand and energy production both plummeted. However, when the Covid-19 pandemic resulted in widespread stay-at-home orders, U.S.
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