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Declining US Reserves and Increasing Importation

Declining US Reserves and Increasing Importation . Ryan Hughes A.P.E.S Per. 8. Natural Gas. Natural gas remains a key energy source for industrial sector uses and electricity generation throughout the projection.

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Declining US Reserves and Increasing Importation

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  1. Declining US Reserves and Increasing Importation Ryan Hughes A.P.E.S Per. 8

  2. Natural Gas • Natural gas remains a key energy source for industrial sector uses and electricity generation throughout the projection. • Worldwide, total natural gas consumption increases by an average of 1.6 percent per year. • Main issue with Americas economic problem

  3. The Value of a Dollar • Our society and civilization are built upon: -the availability of cheap oil for transportation -food production - trade and commerce

  4. Shortage • The country is facing the most serious energy shortages since the 1970s. • Threaten prosperity and national security • Change the way Americans live

  5. Declining US Reserves • Banks flush with record reserves are increasingly snubbing dollars. • Global central banks are getting more serious about diversification, whereas in the past they used to just talk about it. • America’s currency has been under siege as the Treasury sells a record amount of debt to finance a budget deficit

  6. Increasing Importation • Prices for U.S. imports trended up over most of 2009, rising 8.6 percent overall for the year. • Import prices were unchanged in December following increases in each of the four previous months.

  7. Bibliography • http://www.eia.doe.gov/oiaf/ieo/nat_gas.html • http://www.bls.gov/news.release/ximpim.nr0.htm

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