As I wrote a couple weeks back was likely, gasoline prices just rose above $2.50 per gallon nationwide. And since oil prices have kept increasing, the gasoline price has a bit further to rise. This has huge implications for our whole energy (more…)
Archive for the ‘Natural Gas’ Category
Gas price passes $2.50 at the pump
Monday, June 1st, 2009House committee passes climate bill as electricity emissions plunge
Friday, May 22nd, 2009
Yesterday, the House Energy & Commerce Committee passed Waxman-Markey’s American Clean Energy & Security (ACES) Act by a 33-25 vote. This passage does not guarantee ultimate passage in the full House or Senate, but gets some positive political momentum behind necessary federal (more…)
Oil rig count falls, gas price passes $2.30
Saturday, May 16th, 2009
The oil and natural gas rig count fell further last week, falling to just 918 or ~55% below its 2008 peak. This lower drilling activity seems to guarantee lower production within a few weeks that may bring balance to the fuel market. Another development was the price of gasoline passing (more…)
May report: US emissions expected to fall further
Tuesday, May 12th, 2009
The US Energy Information Administration (EIA) released its monthly Short Term Energy Outlook today. And their projection for 2009 US carbon dioxide emissions from energy fell even further than last month’s. The drop was led by (more…)
Oil & Gas Prices Back on the Rise
Thursday, May 7th, 2009
The prices of oil and natural gas appear to have bottomed now. But with inventories near record levels, a quick price spike much higher doesn’t seem sustainable in the short-term. Yesterday, the US Energy Information Administration (EIA) weekly petroleum report clearly showed that recessionary low demand continues to dominate (more…)
US oil output finally following rig count down
Friday, May 1st, 2009
For months I’ve been talking about the potential of falling prices and rig counts to lower production. Well, in last week’s Energy Information Administration weekly petroleum report we finally saw a significant drop in crude oil output of (more…)
US Electricity Emissions in Freefall
Thursday, April 23rd, 2009
The Energy Information Administration (EIA) US electric power estimates for January and February just came out. And the numbers are dramatic. Net generation in January was down ~3.3% from January 2008, largely on lower demand from industrial users. February showed an even greater ~6.9% nosedive in (more…)
Recession Demand Sends Fuel Inventories Toward Record Highs
Thursday, April 16th, 2009
This past quarter was another tough one for the US economy. Industrial production sank to a record low in March below 70% of capacity. The resulting lower demand for fuels is sending storage levels toward record highs. The EIA reported this morning that natural gas rose another (more…)
New Report: US emissions to fall another 2.5+% in 2009
Wednesday, April 15th, 2009In February, I shared that the US Energy Information Administration (EIA) predicted lower greenhouse gas emissions from US energy consumption in 2009. Their earlier projection of ~2% lower emissions just shifted in their April report to a much lower (more…)
US Govt Report: BAU Carbon Emissions Growth Much Slower to 2030
Thursday, April 2nd, 2009
The Energy Information Administration (EIA) released their Annual Energy Outlook (AEO2009) this week and their numbers are a lot better than last year when the climate is concerned. It’s exciting to see the progress. But reference scenarios still have emissions growing throughout the period, so we have plenty of work to do. For now, let’s look at the numbers they present… (more…)