By - Jim Vess

Could a Biden presidency be a boost to both the power sector and the oil and gas industry?

Energize Weekly, September 9, 2020 Joe Biden becoming president of the U.S. could be a boost for clean energy and perhaps somewhat ironically, for oil and gas – at least in the short run. That was the conclusion of energy industry consultants Wood Mackenzie and Rystad Energy in separate analyses. While Wood Mackenzie looked at Biden’s clean power plans and

By - Jim Vess

The ongoing pandemic and weak economy led to across-the-board energy production cuts

Energize Weekly, August 19, 2020 Projections for U.S. energy production in 2020 – from oil to natural gas to coal – continued to fall as the novel coronavirus pandemic and global recession depress economies. The U.S. Energy Information Administration (EIA) has lowered its estimate for domestic crude oil production by another 370,000 barrels a day (b/d) to 11.3 million b/d

By - Jim Vess

Renewable electricity generation set to surpass coal, which continues to decline, in 2020

Energize Weekly, May 20, 2020 Renewable electricity generation is set to surpass coal-fired generation in 2020, as coal continues to slide, having hit a 42-year low in 2019, according to the U.S. Energy Information Administration (EIA). The EIA is projecting a 25 percent drop in coal-fired generation in 2020 and an 11 percent increase in renewable generation, leading to renewables

By - Jim Vess

U.S. crude oil and natural gas production, as well as gas consumption, hit records in 2019

Energize Weekly, March 11, 2020 Annual U.S. crude oil and natural gas production hit records in 2019, as did domestic natural gas consumption, according to data from the federal Energy Information Administration (EIA). Crude oil production was up 11 percent over 2018 to an average of 12.23 million barrels per day (b/d), with output reaching 12.86 million b/d in November

By - Jim Vess

Oil producers fail to reach agreement on output freeze

Energize Weekly, April 20, 2016 Major oil producers failed to negotiate a curb on output this week, sending oil prices spiraling downward and giving investors new worries over the sustainability of a recent price rally. U.S. oil prices have increased 50 percent since hitting a 13-year low in February, due to a combination of shrinking global production and growing demand,

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