Aubrey McClendon built a reputation for bucking industry views while he built Chesapeake Energy into one of the largest US natural gas producers by volume and helped pioneer the country’s unconventional resource revolution led by independent producers. McClendon also gained a reputation for bleeding shareholder cash as Chesapeake amassed a huge debt load before his… Keep reading →
US natural gas will soon be exported to Asian markets in the form of LNG, and while this represents a major step change in global gas trade, US volumes alone will not solve the region’s gas demand challenges. This is one of the points IEA Executive Director Maria Van der Hoeven made today in remarks… Keep reading →
As the volume of ethanol blended into the US gasoline supply increased from 3% to 10% over the past two decades, the fuel’s energy density decreased by 3%, according to the EIA. In an interesting example of how energy/environmental issues are often characterized by tradeoffs, greater volumes of ethanol added to gasoline decreases air pollution… Keep reading →
US natural gas prices have trended lower since the summer, but homeowners will likely pay slightly more for the heating fuel than last winter. “For consumers, prices will be about 6.8% higher than last winter, as gas utilities sell more expensive fuel they bought in the spring and summer, according to the U.S. Energy Information… Keep reading →
There is enormous market opportunity for grid-scale energy storage solutions on both the power supply and demand side, but historically low US natural gas prices appear to represent a headwind moderating widespread energy storage deployment. Importantly, today’s quote comes from a GE representative whose company is a major manufacturer of “fast-reacting turbines,” and others contend… Keep reading →
The US military and its regional allies conducted additional airstrikes against ISIS-controlled oil infrastructure in Syria and Iraq. “The U.S. said on Sunday that its forces along with Saudi Arabia and the United Arab Emirates targeted four modular refineries and a command facility north of Raqqa—Islamic State’s de facto capital in northeastern Syria. The U.S.… Keep reading →
A few Asian buyers of US LNG are looking to sell portions of the supply they purchased under long-term contracts, suggesting the excitement over exporting US natural gas as LNG could be waning a bit. When US gas production began booming around 2007 and prices cratered – falling to as low as $2 per MMBtu… Keep reading →
Members of the House Space, Science and Technology Committee discussed Bakken crude oil properties during a subcommittee hearing held as part of the effort to craft new rail tank car regulations. “None of these other oils are shipping in volumes that this Bakken shale oil is being shipped,” he [Timothy Butters, deputy administrator for the… Keep reading →
With US natural gas production growth and subsequent natural gas price declines coal has been backed out of the power generation fuel mix to some extent. As a result, US coal producers are exporting greater volumes to European and Asian buyers, which is a trend that alarms many in the environmental community who fear negative… Keep reading →
The global LNG supply options are broadening with new LNG export projects – both under construction and proposed – mushrooming especially in Australia, the US, Canada, Papua New Guinea, Mozambique, Tanzania et cetera. Conceivably, a severe competition in the global LNG market is in the not so distant future. What impact this “golden age of… Keep reading →
