Finance & Investing
News Services
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy


Rising Oil, Gas Production Lowers US Energy Security Risk

change text size
Rising Oil, Gas Production Lowers US Energy Security Risk

The United States experienced a reduction in 2012 in its energy security risk thanks to rising U.S. oil and natural gas production and continued environmental improvements, according to a new report.

The United States’ energy security risk score stood at 95.3 in 2012, down from 102.0 in the previous year, the highest since 1970, the U.S. Chamber of Commerce’s institute for 21st Century Energy reported in its 2013 Index of U.S. Energy Security Risk.

The institute uses the index to measure energy security by tracking 37 individual metrics in four primary areas – geopolitical, economic, reliability and environmental – from 1970 to 2040. The Energy Institute found that 26 of the 37 metrics showed lower risk, seven recorded higher risk, and four experienced no change.

Six of the metrics declined by at least 10 points, thanks mainly to increased U.S. oil and gas production, especially unconventional production, Energy Institute officials noted in the report.  These include metrics related to oil and gas imports, energy price volatility, and carbon dioxide emissions. After a four-year period in which price volatility risks grew by 139 percent, volatility declined by 55 percent in 2012, led by stable oil prices, slightly lower energy demand, improving energy efficiency and declining gas and retail electricity prices.

The Index also found that:

  • The Geopolitical Index improved from 102 in 2011 to 97.4 in 2012
  • The Economic Index improved from 103.3 in 2011 to 95.6 in 2012
  • The Reliability index improved from 114.4 in 2011 to 102.2 in 2012
  • The Environmental Index improved from 87.9 in 2011 to 84.7 in 2012

Risks related to carbon dioxide emissions declined to their lowest level since 1994 due to gains in efficiency, increased natural gas use and sluggish economic growth.

The U.S. Index is projected to average 92.7 points over the forecast period, down four points from last year’s projection due to greater U.S. oil and gas production.


View Full Article

Karen Boman has more than 10 years of experience covering the upstream oil and gas sector. Email Karen at


Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

More from this Author
Karen Boman
Senior Editor |
 -  PumpWELL Offers New Approach to Enhanc... (Jan 29)
 -  Wood Mac: US Onshore Well Count to Fal... (Jan 23)
 -  Mexico Has Stamina to Maintain Energy ... (Jan 16)
 -  Low Oil Prices Prompts Apache, Schlumb... (Jan 15)
 -  Nearly 2% Of Global Crude Could Be Cas... (Jan 9)
Most Popular Articles
From the Career Center
Jobs that may interest you
Control Center Manager/Gas Control Manager
Expertise: Control Room Operations|Operations Management
Location: Houston, TX
Project/Construction Manager
Expertise: Construction Manager|Project Management
Location: CO
Senior Accountant - Oilfield Services
Expertise: Accounting or Finance
Location: Houston, TX
search for more jobs