Market Commentary

June 27, 2024

Remarkably, US energy production now outpaces consumption.

Via the Energy Information Administration (EIA):

“In 2023, energy production in the United States rose 4% to nearly 103 quadrillion British thermal units (quads), a record. Energy consumption in the United States fell 1% to 94 quads during the same period. Production exceeded consumption by 9 quads, more than at any other time in our records, which date to 1949.”