US greenhouse gas emissions from the energy sector are going to stay below their 2005 peak for the foreseeable future, thanks to more efficient energy usage and increased use of lower-carbon energy sources, says the Energy Information Administration (EIA).
The projection is in EIA’s preliminary outlook to 2040, the first agency analysis to project beyond 2035. Keep reading →
A Vietnamese employee of GE’s newly built turbine generator factory walks in front of wind turbine components inside an assembly line in the northern coastal city of Hai Phong on October 15, 2010.
GE last month celebrated its 20,000th wind turbine installation, a gargantuan achievement given the US power generation giant only stepped into the sector in 2002 when it purchased the wind power assets from recently bankrupted Enron. Keep reading →
Does the US actually need more natural gas storage to accommodate rising production, or can it ‘finesse’ the storage it has to better balance shifting supply and demand fundamentals? The recent head of Ranger Midstream describes a revolutionary approach for a key sector in this video from a recent US Association for Energy Economics summit.
Storage is an essential but often unglamorous portion of what makes up a commodities market, and the history of the energy business – as is noted in this video – proves that storage access and storage infrastructure can impact outcomes for the more visible production and demand parts of the business. Keep reading →
While supply of energy commodities can often seem arcane, only noticeable to end consumers when prices rise or there is a supply disruption, demand is much more tactile and visible.
“Everyone wants to use as much plastic as we do,” notes Williams Energy senior executive David Darcey on this video shot at a recent summit of the US Association of Energy Economics, detailing rising US production of plastics, innovations in making steel using natural gas and heating oil conversions as parts of the puzzle in creating a rising market for natural gas production currently weighing on prices. Keep reading →
A long awaited report from the Energy Department issued Wednesday said the benefits of exporting the gas far outweigh the costs.
The report clears the way for the approval of of up 15 pending natural gas export facilities – multi-billion dollar projects situated mostly along the Gulf and Mid Atlantic coasts. Keep reading →
As of the end of October, the Department of Energy (DOE) had 18 applications pending for authority to export liquefied natural gas (LNG).
International demand is growing and expert studies say the LNG market will need 15 billion cubic feet per day (bcf/d) more in five years. Keep reading →
For several years the focus of the energy sector has been on the supply side. A lingering economic recession has kept demand pressures from building across much of the sector – crude oil being an exception at times – and the notable surge in supply of natural gas and even domestically produced oil has turned analysis and forecasting to focus on the impacts of more supply.
That trend was in evidence at the US Association for Energy Economics summit in November in Austin, Texas, where panelists from companies including Williams, Enbridge and Ranger Midstream discussed the impact supply side revisions have had on their businesses. The significant opportunity to displace imported oil is highlighted by speakers here, noting the trend days before the release of an International Energy Agency report that forecast the US could become the single largest oil producer in the world. Keep reading →
What happens when federal regulation designed to guard against national shortages of a critical fuel runs headlong into fuel surpluses?
That’s what the US is finding out now with natural gas, and nowhere is the dilemma more clearly on display than the issue of liquefied natural gas (LNG) exports. Keep reading →
Enthusiasm over the US natural gas production renaissance has been steadily building over the past few years and increasing production of both gas and oil from shale deposits came up numerous times during the 2012 US presidential election cycle. However, not everyone views shale gas as a supply panacea, which is the thrust of a book due out next spring written by Bill Powers with a forward by Arthur Berman.
This is the second article in a two-part Breaking Energy series – read part one here. Keep reading →
