Energize Weekly, January 2, 2019 The oil and gas industry is a source of carbon emissions even before the fuels are burned—one that should be addressed even as fossil fuels remain in the world energy system for decades, according to the International Energy Agency (IEA). The IEA’s “well-to-wheel” analysis of indirect or fugitive emissions is…
Energize Weekly, December 19, 2018 Oil prices are projected to decline sharply in 2019 as demand remains flat due to slowing economies and weakening currencies—as well as more U.S. oil in the market, according to national and international energy agencies. The federal Energy Information Administration (EIA) last week slashed its projected price for Brent crude…
Energize Weekly, December 12, 2018 Global carbon dioxide (CO2) emissions, driven by increased fossil fuel consumption, jumped in 2018. Even with major initiatives to curb carbon, fossil fuels are likely to hold a dominant share of energy production through 2040, according to a series of new studies. Carbon emissions worldwide rose 2.7 percent in 2018,…
Energize Weekly, December 5, 2018 New England’s power grid operator—after a cold snap last winter taxed generating capacity—has put in place new programs and says it expects to have the resources to meet demand. Still, fuel constraints could pose a risk. ISO New England (ISO-NE) said in its winter outlook that it expects consumer demand…
Energize Weekly, November 21, 2018 Natural gas underground storage in the U.S. began November at the lowest levels in 13 years, 3,208 billion cubic feet (Bcf), according to the federal Energy Information Administration (EIA). The data released Nov. 8 covers storage levels in the lower 48 states. Each of seven storage regions were at their…
Energize Weekly, November 21, 2018 Oil supplies are up and prices down—despite flagging output from Venezuela and sanctions on Iranian oil—as result of increased production from key countries and a softening demand from developing countries, the International Energy Agency (IEA) said. In August, the IEA warned that losses of Venezuelan and Iranian supplies could be…
Energize Weekly, November 14, 2018 The Midwest is heading into the winter home-heating season with above average inventories, modest price increases and a forecast of a mild winter, while the Northeast is facing a decline in inventories, a sharp price hike and colder temperatures. Propane prices were up nationally 4 percent compared to prices at…
Energize Weekly, November 14, 2018 In the wake of a hard-fought battle over an oil and gas ballot initiative, Colorado political and industry leaders are looking for a path to comprise. Proposition 112, sponsored by the grassroots anti-drilling group, Colorado Rising, would have created a statute requiring oil and gas facilities to be set back…
Energize Weekly, November 7, 2018 After a sharp decline, global fuel subsidies rose in 2017—under pressure from rising oil prices, according to the International Energy Agency (IEA). Worldwide fossil fuel subsidies had fallen by almost half to about $250 billion between 2012 and 2016. In 2017, they rose 12 percent to $300 billion, according to…
Energize Weekly, November 7, 2018 U.S. crude oil production reached 11.3 million barrels a day in August, surpassing Russian output, and making the U.S. the world’s leading crude oil producer, according to the federal Energy Information Administration (EIA). Production records were set in several states. Texas posted a record 4.6 million barrels a day, followed…
Energize Weekly, October 24, 2018 The PJM Interconnection, the largest U.S. wholesale electricity market, has in the last five years added the most natural gas-fired capacity of any grid in the country, according to the federal Energy Information Administration (EIA). PJM has seen the closure or announced closure of coal-fired and nuclear plants on its…
Energize Weekly, October 24, 2018 A forecast for a mild winter and adequate electricity generating capacity are good news for the winter energy markets, but pipeline constraints could create risks for several major cities, according to a Federal Energy Regulatory Commission (FERC) assessment. The growing dependence on natural gas-fired generation coupled with the pipeline issues…
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