Levelized costs don’t tell the whole story about competitiveness. But they provide a helpful guide for where clean energy is headed. Renewables in the electricity sector are undoubtedly getting cheaper. But exactly how cheap compared to conventional fuels? If using the common levelized cost of energy (LCOE) metric, renewables are actually starting to rival fossil… Keep reading →
WASHINGTON – The Energy Department announced today that it has issued the final authorization to Cameron LNG, LLC (Cameron) and Carib Energy LLC (Carib) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States. The Cameron LNG Terminal in Cameron Parish, Louisiana… Keep reading →
Deemed one of the most-well-funded terrorist networks, the Islamist State in Syria and Iraq is reportedly making millions of dollars daily from smuggling, stealing, refining and selling oil. Completely shutting down their vast operation appears unlikely according to expert consensus. “When Islamic State fighters stormed across the Syrian border into Iraq and seized Mosul, a… Keep reading →
According to EIA, the first half of 2014 showed the highest year-over-year growth in residential electricity prices since 2009, with the largest price increases recorded in New England. On September 2, 2014, the Energy Information Administration (EIA) released a report highlighting that U.S. retail residential electricity prices from January-June 2014 showed the highest year-over-year growth… Keep reading →
Supply matters. The impact of the U.S. energy revolution on global supply, with real benefits reaching consumers, is seen we head into the Labor Day weekend. The U.S. Energy Information Administration (EIA) reports the U.S. average retail price for gasoline on Aug. 25 was the lowest price on the Monday before Labor Day since 2010: EIA explains:… Keep reading →
WASHINGTON – The Energy Department announced today that it has conditionally authorized LNG Development Co., LLC (Oregon LNG) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States, from the Oregon LNG Terminal in Warrenton, Oregon. The Oregon LNG application was next… Keep reading →
Reading content produced by opponents of the oil and natural gas industry, you see a lot of distortion, misinformation, myth and falsehood. Yet, it would be hard to identify something as packed with baloney as the supporting arguments for an idea that’s being advanced by a pair of Chicago aldermen – mandating that all of… Keep reading →
Recent Improvements in Petroleum Trade Balance Mitigate U.S. Trade Deficit EIA Today in Energy: Since the mid-1970s, the United States has run a deficit in merchandise trade, meaning that payments for imports exceeded receipts for exports. This large and growing deficit on the merchandise trade balance reached a maximum of $883 billion in the second… Keep reading →
Quick Take: Need more ammunition to convince ratepayers and regulators that it’s time to modernize? Need more statistics and examples of just how bad things have gotten in the U.S.? Read “A Smarter Power Grid for U.S. Utilities” from Bloomberg BusinessWeek. Brief abstract below. – Jesse Berst Power outages in the United States are up… Keep reading →
The EIA’s latest Short-term Energy Outlook is out and US crude oil output continues to soar, while natural gas prices are expected to climb back toward the $5 per million BTU level this year, before slightly pulling back in 2015. EIA Administrator Adam Sieminski highlighted just how prolific US crude oil production has been in… Keep reading →
