The manufacturing industry has significantly cut energy use over a 20-year period and have increased efforts at improving efficiency while increasing output.
The U.S. manufacturing sector was using 26% less energy in 2018 to produce goods domestically than it was using in 1998, according to data from the U.S. Energy Information Administration’s (EIA) Manufacturing Energy Consumption Survey (MECS). The U.S. manufacturing sector’s gross output also increased 12% over the same period.
The Biden administration announced on Tuesday it would act alongside five other major economies and release tens of millions of barrels of oil from national stockpiles in a bid to lower prices, as global oil cartel OPEC+ resists significantly boosting production in response to President Joe Biden s urging.
WASHINGTON — As the U.S. braces for a busy holiday travel period, the Biden administration’s decision Tuesday to sell 50 million barrels from the Strategic Petroleum Reserve should lower gasoline