14: The Energy Of The Economy

14: The Energy of the Economy

Today we explore the role of energy in our modern economy.  We'll look at how the correlation between energy use and GDP affects your way of life. Then we'll dive into some relevant geopolitics around energy. We'll finish up with the role of in your life to gain a perspective of being a better steward of the energy God has given you.

Time Stamps:
1:42 - GDP vs. Energy Use
4:06 - U.S. Energy Use Break Down
5:07 - Production, Consumption, Imports, Exports
8:17 - Our Strategic Petroleum Reserve
10:50 - Natural Gas, the second largest source of energy
11:43 - Europe Energy Use Break Down
12:49 - The Geopolitics over Energy
15:36 - Who done it?
18:10 - How much energy do you use?
19:19 - New energy sources

Links:

Definitions:
https://www.investopedia.com/terms/g/gdp.asp
https://www.eia.gov/energyexplained/units-and-calculators/british-thermal-units.php
https://www.eia.gov/energyexplained/electricity/measuring-electricity.php

Energy Use vs GDP
https://ourworldindata.org/grapher/energy-use-per-capita-vs-gdp-per-capita?time=latest

How is life affected by GDP?
https://ourworldindata.org/uploads/2020/11/Correlates-of-GDP-%E2%80%93-How-is-life-at-different-levels-of-income.png

U.S. primary energy consumption by energy source, 2021
https://www.eia.gov/energyexplained/us-energy-facts/#:~:text=The%20United%20States%20uses%20a%20mix%20of%20energy%20sources&text=Primary%20energy%20sources%20include%20fossil,produced)%20from%20primary%20energy%20sources.

U.S. Imports and Exports
https://www.eia.gov/energyexplained/us-energy-facts/imports-and-exports.php

Depleting our Strategic Petroleum Reserve
https://www.whitehouse.gov/briefing-room/statements-releases/2021/11/23/president-biden-announces-release-from-the-strategic-petroleum-reserve-as-part-of-ongoing-efforts-to-lower-prices-and-address-lack-of-supply-around-the-world/

Weekly U.S. Ending Stocks of Crude Oil in SPR
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W

Exports of Liquid Natural Gas to Europe
https://www.eia.gov/todayinenergy/detail.php?id=52659

Who done it?
https://www.reuters.com/business/energy/germany-says-no-results-yet-nord-stream-pipelines-sabotage-investigation-2023-03-07/

https://www.wsj.com/articles/in-nord-stream-probe-german-investigators-search-boat-that-may-have-carried-explosives-379505f9

President Biden February 2022 Q&A, timestamp 1:21
https://www.youtube.com/watch?v=OS4O8rGRLf8

Energy Use Per Capita
https://ourworldindata.org/grapher/per-capita-energy-use