(MENAFN) On Thursday, May. 6 the US Energy Information Administration (EIA) stated that because of economic responses to the pandemic, US energy output fell by 5 percent in 2020, indicating the sharpest yearly drop on record.
EIA’s Monthly Energy Review said that in 2020, energy output in the United States declined to only below 96 quadrillion British thermal units (quads), a 5-percent fall from the all-time output in 2019. The decrease in absolute terms was the greatest yearly fall in US energy output on record, and this decrease was primarily because of the pandemic, which reduced demand for energy.
The EIA gauges and compares several kinds of energy reported in various physical units like barrels or cubic feet by converting sources of energy to familiar units of heat, named British thermal units (Btu).
The EIA stated previously this year that on account of dropping drilling activity amidst low oil prices, US crude oil output dropped by almost 1 million barrels per day (bpd) in 2020, recording the greatest yearly fall in history.
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