Jared Anderson

Posts by Jared Anderson

The World may Consume Less Oil than Expected

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The world’s swelling population and continued economic growth will require increasing volumes of oil to power the cars, trucks, trains and planes that transport people and goods around the planet. But the Citi commodities research team has questioned the extent of that assumption in a new research report titled “Global Oil Demand Growth – the End is Nigh.”

This rethinking of global oil demand trajectory is driven by the analyst’s view that natural gas will increasingly be substituted for oil in the transportation, power generation and industrial sectors, while considerable gains in fuel economy “raise the possibility that the tipping point for oil demand may come much sooner than the markets are expecting.” Keep reading →

 /  Published March 29, 2013 at 10:30 AM

Muted Market Reaction to Otherwise Bullish Natural Gas Storage Report

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The EIA’s Weekly Natural Gas Storage Report released this morning showed a net decline of 95 Bcf from the previous week – a larger withdrawal than analysts expected – which is usually a bullish market indicator, but the prompt month NYMEX natural gas futures contract had declined slightly by mid-day.

“Stocks were 642 Bcf less than last year at this time and 61 Bcf above the 5-year average of 1,720 Bcf. In the East Region, stocks were 41 Bcf below the 5-year average following net withdrawals of 73 Bcf,” according to the EIA report. Keep reading →

 /  Published March 28, 2013 at 2:00 PM

Numbers From the War on State Renewables Standards

By Greentech Media


At least twenty-two of the 29 state renewables standards have been attacked by legislators or regulators in the last year or are now under attack.

Known as a Renewable Portfolio Standard (RPS) or a Renewable Energy Standard (RES), these mandates require utilities to obtain a portion of their power from renewable sources by a certain date. Research shows they add less than 5 percent, on average, to the cost of electricity bills and are an effective driver of renewables growth. Keep reading →

 /  Published March 27, 2013 at 2:00 PM

New Refineries Built in North Dakota will Feed US Oil Boom, and Maybe Canada’s

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Oil products are needed to fuel the development of, well more oil. Booming oil production in the Bakken formation primarily located in North Dakota and Montana has driven up local demand for diesel fuel used to run the hundreds of rigs and thousands of trucks and locomotives that undergird the industrial supply chain.

“Much of the increase in demand has been fueled by the boom in crude oil production from the new wells in the Bakken Formation in North Dakota’s northwest corner. The demand for these middle distillates rose 80% in North Dakota from 2009 to 2012, providing the incentive to invest in local refineries,” said the EIA in its “Today in Energy” update. Keep reading →

 /  Published March 27, 2013 at 11:15 AM

NYMEX Natural Gas Contract Setting Open Interest Records

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The CME Group announced on Tuesday the 7th consecutive open interest record for its benchmark Henry Hub Natural Gas futures contract as prices have been rising from their historic doldrums. The number of open interest contracts on Monday March 25th was 1,399,967.

Open interest refers to the total number of futures contracts that are not closed or delivered on a given day. The recent NYMEX activity appears to indicate that traders and large market participants like hedge funds expect the US natural gas futures contract value to increase over the near term. Keep reading →

 /  Published March 27, 2013 at 8:30 AM

Japan’s Solar FIT Taking It To The Top

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How sustainable it is, nobody knows, but Japan’s feed-in tariff is doing what it was meant to do: inspiring solar power installations.

You might remember that last June, Japan finalized its feed-in tariff rates, and the story was, “Japan Sets Itself Up For A Solar Boom.” Now the talk is of Japan overtaking Germany and the United States as the hottest solar market in the world – and of what might come after. Keep reading →

 /  Published March 26, 2013 at 3:15 PM

Slideshow: Shams 1 Solar Plant and Masdar City in Abu Dhabi, UAE

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Abu Dhabi’s renewable energy company, Masdar, recently inaugurated the world’s largest concentrated solar power plant and took a group of journalists on a tour of Masdar City, a grand urban sustainability experiment.

When it reaches 130 degrees fahrenheit in the summer, the UAE requires lot of air conditioning that is currently supplied mostly with natural gas, much of it imported. The country’s rapidly expanding economy and population has caused natural gas consumption to outstrip production and imports to surpass exports. The UAE is one of the few countries to both import and export LNG. Keep reading →

 /  Published March 26, 2013 at 12:00 PM

Royal Dutch Shell: Gearing To Repair Shutdown Louisiana Pipeline

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The Caillou to Houma pipeline was shut down late Saturday after a light sheen was seen near a pump station in Lake Barre, off the state’s coast. “We believe the origin of the sheen is a small release” from the 16-inch crude pipeline, spokeswoman Kimberly Windon said in an e-mail.

The sheen disappeared on Sunday, but the company deployed a response crew and boom around the point where the crude leaked. “Our response team will continue to closely monitor the release site while preparations are made to safely inspect and repair the pipeline, as soon as possible, weather permitting,” Ms. Windon said, adding that the cause of the incident is being investigated. Keep reading →

 /  Published March 26, 2013 at 11:05 AM

Alberta Energy Minister Hughes Discusses Options if Keystone XL not Approved, and More

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An industry source told Breaking Energy last November the two greatest challenges companies operating in Alberta’s oil sands region face are access to markets and skilled labor. Alberta Energy Minister Ken Hughes elaborated on these and other issues during a recent phone call.

In a scenario where the Keystone XL Pipeline is not approved by the Obama Administration, Minister Hughes said companies have lots of different options and that rail has become “compelling.” Although generally less efficient than transporting oil via pipeline, rail could be used to bring Canadian oil as far as the Gulf Coast and maybe the West Coast and Mid-continent as well, he said. Keep reading →

 /  Published March 25, 2013 at 3:00 PM

Solar Power has Record Year Despite Bankruptcies

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It was a record year for solar installations in the United States in 2012, boosting an industry still struggling with consolidation and bankruptcies.

Over 3.3 gigawatts of solar power were installed last year, according to a report Thursday from the Solar Energy Industries Association, a trade group. That’s enough to power about 500,000 homes, and it was a 76% increase from 2011. Keep reading →

 /  Published March 25, 2013 at 10:30 AM
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