Jared Anderson

Posts by Jared Anderson

Oil Prices Cool, but too Soon to Call a Bear Market

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A reversal of fortunes is underway between major energy commodity markets, with global oil prices trending downward while US natural gas has been showing signs of life breaking above $4 per million Btu. In its latest Monthly Oil Market Report, the International Energy Agency discussed their view of why the recent weakening in global oil benchmark Brent futures prices might be “relatively short-lived.”

“By early April, front‐month Brent futures had tumbled to just shy of $104/bbl for the first time since mid‐June, and the backwardation on the Brent curve has eased,” the report said, but oil supply and refining capacity have been growing faster than demand. Backwardation is when prices in the distant future are lower than prompt month prices. Keep reading →

 /  Published April 12, 2013 at 2:30 PM

Steady, Substantial Growth Expected for Global Energy Storage Market

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Quick Take:You’ll pull several insights from the new research report described and linked below. Note that they predict:

The sector will grow 9% per year
Asia will lead the way
Smart grid will be one of the key sectors along with transportation Keep reading →

 /  Published April 12, 2013 at 11:20 AM

US Wind Industry Surges Ahead in 2012, Future Still Tied to PTC

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The US wind power industry had a banner year in 2012, as developers raced to bring on projects before the federal production tax credit was set to expire at the end of the year. The frantic rush to take advantage of the tax incentive resulted in some impressive statistics highlighted in the American Wind Energy Association’s U.S. Wind Industry Annual Market Report for 2012, released Thursday.

Breaking Energy recently sat down with AWEA’s vice president of public affairs Peter Kelley ahead of the launch to gain some insight into what made 2012 so important and what to expect from the industry going forward. Keep reading →

 /  Published April 12, 2013 at 8:30 AM

Natural Gas Turns Higher After U.S. Supply Data

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Natural-gas futures turned higher Thursday, after the Energy Information Administration reported a 14 billion cubic foot decline in U.S. inventories for the week ended April 5. That was a bit below estimates. Analysts polled by Platts forecast a decline between 20 billion cubic feet and 24 billion.

 /  Published April 11, 2013 at 2:00 PM

EIA Sees Oil Price Differentials Narrowing, US Natural Gas Prices Increasing

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Changing oil market dynamics appear set to reduce the wide price differential between Brent crude oil and WTI that developed within the past few years, the Energy Information Administration said in its latest Short-Term Energy and Summer Fuels Outlook. These global benchmark crude oil grades are also expected to generally decrease in price from the averages seen last year, while US natural gas prices move well above the historic lows recorded last April.

“EIA expects that the Brent crude oil spot price, which averaged $112 per barrel in 2012 and rose to $119 per barrel in early February 2013, will average $108 per barrel in 2013 and $101 per barrel in 2014. The projected discount of West Texas Intermediate (WTI) crude oil to Brent, which increased to a monthly average of more than $20 per barrel in February 2013, is forecast to average $14 per barrel in 2013 and $9 per barrel in 2014, as planned new pipeline capacity lowers the cost of moving mid‐continent crude oil to the Gulf Coast refining centers,” the EIA said in the report. Keep reading →

 /  Published April 11, 2013 at 10:30 AM

DOE Nominee Moniz Asked About LNG Exports at Hearing

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President Obama’s nominee to lead the Department of Energy, Ernest Moniz, dealt with questions about LNG exports from both sides of the aisle during his Senate Committee on Energy and Natural Resources hearing held Tuesday April 9th.

If confirmed, which is widely expected, Moniz would be in charge of the department responsible for issuing some of the permits needed to export LNG from the US. He previously supported exports in a co-chaired 2011 MIT report entitled “The Future of Natural Gas,” which concluded “The U.S. should sustain North American energy market integration and support development of a global ‘liquid’ natural gas market with diversity of supply. A corollary is that the U.S. should not erect barriers to natural gas imports or exports.” Keep reading →

 /  Published April 10, 2013 at 2:30 PM

AFPM Says EPA Fuel Standard ‘Divorced from Reality’

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The American Fuel & Petrochemical Manufacturers filed comments opposing the US Environmental Protection Agency’s (EPA) proposed rule Regulation of Fuels and Fuel Additives: 2013 Renewable Fuel Standard (RFS).

“I have long asserted that the RFS is broken and is harmful to countless parties, but nothing has been done to address the problems it has created,” said AFPM President Charles T. Drevna in a statement. Keep reading →

 /  Published April 10, 2013 at 10:30 AM

It Takes A Solar Village To Test A Microgrid

By Earth Techling


Old Solar Decathlon houses don’t die; they gather together to form a neighborhood – one prime for some groundbreaking experimentation in taking advantage of clean energy source.

At least, that’s the case at Missouri University of Science and Technology. Four past decathlon entries comprise the Solar Village at the Rolla, Mo., campus – and an important new twist is coming to the village: installation of a microgrid that will store and manage the renewable energy the houses produce. Keep reading →

 /  Published April 9, 2013 at 11:30 AM

Strong quake near #Iran nuclear plant kills 3 http://bit.ly/XAV9Hl

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Strong quake near #Iran nuclear plant kills 3 http://bit.ly/XAV9Hl @HDNER

 /  Published April 9, 2013 at 9:30 AM

Foreign Investors, NOCs Involved in World’s Largest Recent Oil & Gas Deals

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National oil companies have popped up in a significant number of mergers and acquisitions in the oil patch in recent years, and have led in joint venture partnerships.Flush with cash and in search of resources, Chinese companies have consistently remained in the headlines, but the biggest deal last year involved Russia’s Rosneft.

“In 2012, National Oil Companies (NOCs) were involved as buyers in the two largest deals in the oil and gas industry. Both deals came in the fourth quarter and helped push the total value of all oil and gas deals in 2012 to more than $402 billion, a 19% increase on the total a year earlier,” Dale Nijoka, Ernst & Young Global Oil & Gas Leader wrote in “National Oil Company Monitor Q4 2012,” a corporate publication. The largest deal was Rosneft’s $61 billion cash and shares acquisition of TNK-BP and the second biggest deal was China National Offshore Oil Company’s $15.1 billion Nexen takeover. Keep reading →

 /  Published April 9, 2013 at 8:30 AM
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