Energy Facts

Below are facts about New Hampshire energy and factors that can grow our nation's energy and economic security:

Jobs:

Nearly 30,000 jobs are supported by the oil and natural gas industry in New Hampshire.
America’s oil and natural gas industry supports 9.2 million jobs throughout the economy and 7.5 percent of GDP.
Increased domestic access to energy could generate $1.7 trillion in government revenue, create more than 530,000 new jobs by 2025.
The national average annual salary for oil and gas exploration and production is $96,844 or about $47 per hour – more than double the average annual salary of all occupations.
Canada is New Hampshire’s largest foreign trading partner - 32,750 New Hampshire jobs are supported by Canada–U.S. trade, and Canada purchased 21% of the state’s worldwide exports in 2007.

Energy Usage:

New Hampshire consumes more than 31 million barrels of oil per year.
Over 50% of New Hampshire households use fuel oil for winter heating.
The transportation and residential sectors are New Hampshire’s largest energy consumers.
In May 2007, New Hampshire adopted a renewable portfolio standard that requires 25 percent of the State’s electricity to be generated from renewable sources by 2025.
The Seabrook nuclear power plant, located near Portsmouth, is the largest single nuclear reactor in New England.

Domestic Energy:

The United States is estimated to have enough natural gas to meet 100 percent of current domestic demand for at least 90 years.
America produces 5.4 million barrels of crude oil per day, 164 million barrels, per month, and almost 2 billion barrels per year.
The United States produces 72 billion cubic feet (bcf) of natural gas a day, 2,200bcf per month and 26,000bcf per year.
If American increases domestic access:
- The Gulf of Mexico could hold 3.8 billion barrels of oil and 21.5 trillion cubic feet of natural gas.
- Opening the Atlantic coastline could make available 3.8 billion barrels of oil and 37 trillion cubic feet of natural gas.
- The National Petroleum Reserve in Alaska and adjacent state waters holds 896 million barrels of undiscovered oil and about 53 trillion cubic feet of undiscovered natural gas.
- The Pacific coast is estimated to contain 10.5 billion barrels of oil.

Canadian Energy:

Canada is America's largest supplier of imported oil and natural gas providing 21 percent of the total (US Department of Energy - DOE).
By 2025, production from Canadian oil sands could rise from about 1.4 million barrels per day in 2010 to approximately 3.5 million barrels per day.
Canada possesses approximately 175 billion barrels of oil that can be recovered with today’s technology. Of that number, 170 billion barrels of oil are located in Canada's oil sands.

Energy Investments:

Since 2000, the oil and natural gas industry has invested $1.7 trillion in U.S. capital projects to advance all forms of energy, including alternatives, while reducing the industry’s environmental footprint.
Between 2000 and 2008, the industry invested more than $58 billion in new low and zero carbon emissions technologies.

Additional Sources:

Keystone Energy Forum