South America / GoM

USA flag
Summary | Profile

Country profile: USA

Location: North America, bordering both the North Atlantic Ocean and the North Pacific Ocean, between Canada and Mexico
Climate: mostly temperate, but tropical in Hawaii and Florida, arctic in Alaska, semiarid in the great plains west of the Mississippi River, and arid in the Great Basin of the southwest
Terrain: vast central plain, mountains in west, hills and low mountains in east; rugged mountains and broad river valleys in Alaska; rugged, volcanic topography in Hawaii
Size: 9826630 sq. km total (Land area: 9161923 sq. km  Water area: 664707
Population: 303,824,646 (July 2008 est.)
Languages: English 82.1%, Spanish 10.7%, other Indo-European 3.8%, Asian and Pacific island 2.7%, other 0.7% (2000 census) note: Hawaiian is an official language in the state of Hawaii
Government: Constitution-based federal republic; strong democratic tradition
Capital city: Washington, DC
Legal system: federal court system based on English common law; each state has its own unique legal system, of which all but one (Louisiana, which is still influenced by the Napoleonic Code) is based on English common law
Currency: US dollar (USD)

Country profile

The United States of America is the world's largest energy producer, consumer, and net importer. It also ranks eleventh worldwide in reserves of oil, sixth in natural gas, and first in coal. U.S. oil production has been declining for years. In 2005, Hurricanes Katrina and Rita slashed oil output from the Gulf of Mexico. The U.S. is the world’s largest consumer and second-largest producer of natural gas. The U.S. has the world’s largest coal reserves, with the Western U.S. accounting for 55 percent of current U.S. coal production. U.S. electricity demand is increasing, as are prices.

Britain's American colonies broke with the mother country in 1776 and were recognized as the new nation of the United States of America following the Treaty of Paris in 1783. During the 19th and 20th centuries, 37 new states were added to the original 13 as the nation expanded across the North American continent and acquired a number of overseas possessions.

The two most traumatic experiences in the nation's history were the Civil War (1861-65), in which a northern Union of states defeated a secessionist Confederacy of 11 southern slave states, and the Great Depression of the 1930s, an economic downturn during which about a quarter of the labor force lost its jobs. Buoyed by victories in World Wars I and II and the end of the Cold War in 1991, the US remains the world's most powerful nation state. The economy is marked by steady growth, low unemployment and inflation, and rapid advances in technology.

Energy production and consumption

Oil Gas
Production: 8 million bbl/day (2005 est.) 490 billion cu m (2005 est.)
Consumption: 20 million bbl/day (2005 est.) 604 billion cu m (2005 est.)
Exports: 1 million bbl/day (2005 est.) 19 billion cu m (2005 est.)
Imports: 13 million bbl/day (2005 est.) 117 billion cu m (2005 est.)
Reserves: 21 billion bbl (1 January 2006 est.) 5 trillion cu m (1 January 2006 est.)
Major fields:

USA - recent news

02 Jun 23
US: Zenith Energy enters into first agreement for USA acquisition campaign
Zenith Energy has entered into an agreement with Stateside Energy, a company registered under the laws of the State of Oklahoma, United States of America, to acquire and operate a portfolio of oil production and development licences in Oklahoma, as well as certain other States in the USA.
02 Jun 23
US: ExxonMobil signs carbon capture agreement with Nucor Corporation, reaching 5 MTA milestone
ExxonMobil Low Carbon Solutions’ newest carbon capture and storage agreement – with Nucor Corporation, one of North America’s largest steel producers – demonstrates its continued momentum in helping industrial customers reduce emissions.
01 Jun 23
US: Pantheon Resources announces update on last year's state lease awards
Pantheon Resources has announced that it has formally accepted and paid for the award by the State of Alaska Department of Natural Resources for the 39,540 acres that it was the successful bidder of in last year's state lease sale.
31 May 23
US: United States: TotalEnergies and TES join forces to develop a large-scale e-NG production unit
TotalEnergies is joining forces with Tree Energy Solutions (TES) to study and develop a large-scale production unit in the United States for e-natural gas (e-NG), a synthetic gas produced from renewable hydrogen and CO2.
26 May 23
US: Orsted to acquire Eversource share of uncontracted offshore wind seabed
Ørsted has signed an agreement to acquire Eversource Energy’s 50 % interest in the uncontracted federal offshore wind lease area currently owned jointly by the two companies. Acquisition further strengthens Ørsted’s offshore wind energy position in the US Northeast.

USA - more news

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