A quarter of the nation’s electricity would still come from coal in 2030, so it’s hard to view the Obama administration’s proposed Clean Power Plan as the wholesale remaking of the U.S. power sector that the increasingly dire science on global warming would seemingly compel. Nevertheless, a new U.S. Energy Information Administration analysis shows the… Keep reading →
The US Energy Information Administration – DOE’s statistical arm – today released its Short-Term Energy Outlook, which includes commodity price forecasts and anticipated supply/demand fundamentals. Included below are some comments from EIA Administrator Adam Sieminski about the report: Crude Oil “EIA expects strong U.S. crude oil production growth will help reduce WTI prices to an… Keep reading →
The EIA’s Weekly Natural Gas Storage Report showed the largest inventory draw since the EIA started tracking the data in 1994. However, the withdrawal was slightly underwhelming, as analysts anticipated an even larger natural gas storage draw down resulting from increased heating needs during the recent extreme cold that blanketed much of the country. As… Keep reading →
The Energy Information Administration released a statement Monday projecting 2013’s CO2 emission’s rates to be 2% higher than the emissions in 2012. This comes on the heels of a decrease in emissions in 2012. The EIA attributes this increase to renewed coal consumption in the electricity power sector in 2013. The Obama administration retains the… Keep reading →
The Short-term Energy Outlook is the EIA’s periodic analysis of where energy fundamentals appear to be heading based on current data and assumptions. The reports cover supply/demand dynamics and pricing for oil, natural gas, refined products, coal, power, renewables, emissions and the US economy. This edition of the EIA’s STEO – released earlier this week… Keep reading →
EIA’s latest Annual Energy Outlook (AEO) projects a 56 percent increase in natural gas production by 2040, overtaking coal as the largest share of U.S. electric power generation. On December 16, 2013, the Energy Information Administration (EIA) released the AEO 2014 Early Release Overview presenting updated projections for U.S. energy markets through 2040. The AEO… Keep reading →
US natural gas prices fell sharply in 2008, from more than $10 per thousand cubic feet in July to less than $6/mcf at year-end, and have since fallen much further. The average US natural gas wellhead price fell from $7.97/mcf in 2008 to $3.67/mcf the following year, and to just $2.66/mcf in 2012, after an… Keep reading →
In October 2013, exactly 40 years after the 1973 Arab Oil Embargo, the Energy Information Administration (EIA) announced that the US produced more crude oil than it imported. According to EIA, estimated domestic crude oil output averaged 7.7 million barrels per day in October – the highest in 25 years – while oil imports were 7.6.… Keep reading →
In the United States, coal is facing hard times. The welcome, though unexpected expansion of unconventional natural gas resources and production in North America has made natural gas the economically attractive fuel choice for new electricity generating power plants and, in many cases, has replaced older existing coal fired plants. From 2003 to 2013 coal’s… Keep reading →
A timely question That is among the questions being asked not just in the US but nearly in any country where self-generation, in one form or another, already is or is likely to become cost-effective. It is also a key question in the context of the net energy metering (NEM) debate in the US or… Keep reading →
