America Will Produce More Fossil Fuels This Year Than It Ever Has Before

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		Home Tech/Media Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Monday, October 22, 2012 America Will Produce More Fossil Fuels This Year Than It Ever Has Before University of Michigan economics professor and American Enterprise Institute scholar Mark J. Perry has posted two graphs showing just how far America's fossil fuel production has come. First, production is at an all-time high — nearly 62 quadrillion BTUs, an increase of about 12 percent from 2005.  That's enough to meet approximately 13 percent of the entire world's energy needs, according to the Department of Energy. Perhaps more importantly, we haven't enjoyed this degree of energy self-sufficiency since the 1990s, according to his second chart: This weekend, Standard & Poor's said the Marcellus shale formation could contain "almost half of the current proven natural gas reserves in the U.S," the AP reported. SEE ALSO: Why You Should Let An Oil Company Frack Your Backyard Read » Also On Money Game Today: STOCKS MAKE A BIG COMEBACK: Here's What You Need To Know Markets Are Cracking... Advertisement CHART OF THE DAY: Goldman's Quarter-By-Quarter Breakdown Of How The Fiscal Cliff Will Crush The Economy CHART OF THE DAY: How Gold Moves With The Global Financial Markets CHART OF THE DAY: Spanish Bonds Are Having A Gigantic Day Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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