Review Of The Mineral-Fuel Industries In 1954 ? General Summary

THE TOTAL production of energy in the United States in 1954 decreased 4.6 percent below 1953. The production of coal continued to decline, and the production of crude oil decreased for the first time since 1949. These decreases were partly offset by an increase in the production of natural gas. The total energy production of 35,365 trillion B. t. u. in 1954 was the lowest since 1950. [ ] This drop in energy production was consistent with the 1.1-percent decline in gross national product during the year-from 364.5 billion dollars in 1953 to 360.5 billion in 1954.