Top 5 Ways Energy Production Benefited Consumers in 2013

Its been a busy year for U.S. energy production with consumer prices on the decline due to increasing domestic supplies of natural gas and oil. Here are the Top 5 energy related news stories that benefit consumers in 2013.

1) U.S. Overtakes Russia as the World’s Largest Oil and Gas Producer

Experts estimated that the United States overtook Russia as the world’s largest oil and gas producer in November of this year. The change creates a net positive for consumers as the country produces an ever increasing amount of oil and gas from domestic sources. This reduces our dependence on foreign sources of oil and natural gas, and lowers transportation costs, translating to lower prices for end users. It also provides new economic growth as jobs are created, incomes rise, and tax bases expand due to the expanding energy industry. Which leads to our next story…

2) Oil and Gas Boom Contributes $1200 to Household Income

READ MORE:  http://fuelfix.com/blog/2013/12/30/top-5-ways-energy-production-benefited-consumers-in-2013/