Houston is emerging as one of the great oil hubs in the world, and pretty soon it will be outfitted with an oil futures contract, which could cement its position.
The difference may not be all that great, but it has been hailed as a clear signal that “Renewables are on the march,” as the head of BDEW said, and coal is on its way out.
Between 2010 and 2016, the capacity-weighted average cost (real 2016$) of U.S. wind installations declined by one-third, from $2,361 per kilowatt (kW) to $1,587/kW, based on analysis in the U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy’s (DOE/EERE) Wind Technology Market Report. The reasons for this decline include improving technology and manufacturing capability and an increasing concentration of builds in the regions of the United States with the lowest installation costs.
EIA’s July 2018 Short-Term Energy Outlook (STEO) expects natural gas-fired power plants to supply 37% of U.S. electricity generation this summer (June, July, and August), near the record-high natural gas-fired generation share in summer 2016. EIA forecasts the share of generation from coal-fired power plants will drop slightly to 30% in summer 2018, continuing a multi-year trend of lower coal-fired electricity generation.
Just as scientists are making leaps and bounds in the technology behind biofuel production, opening the way for cheaper and more efficient clean fuel sources, the United States’ Environmental Protection Agency (EPA) is
As the era of fossil fuels comes to a close, it’s time to start seriously considering an all-electric future, as well as all of the costs and benefits that come along with it.
President Trump spent part of his July 4 holiday shouting at OPEC on twitter, demanding lower gasoline prices.
Battery-powered electric vehicles have been stealing the spotlight from fuel cell vehicle technology, despite the fact that the latter has been around for a decade or two longer than battery EVs.
The U.S. Administration is seeking ways to save coal and nuclear power facilities from early retirement, citing concerns over a depletion of nuclear power in the energy mix and impacts on the resilience of the power grid.
U.S. gasoline prices are at a four-year-high this year as a result of the higher price of oil which has reached a three-and-a-half-year high in recent weeks.
Natural gas inventories in the U.S. are at their lowest level since 2014 for this time of year, raising the possibility that the country enters the winter drawdown season with very few buffers that could prevent a price spike.
India’s space program wants to go where no nation has gone before – to the south side of the moon. And once it gets there, it will study the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.
The North American Electric Reliability Corporation's (NERC) recent 2018 Summer Reliability Assessment finds that there are enough resources to meet this summer's projected peak electricity demand in in all areas of the country except the Electric Reliability Council of Texas (ERCOT). Anticipated reserve margins—the amount of expected unused electric generating capacity at the time of peak load—range from a little less than 11% in ERCOT to about 33% in PJM Interconnection (PJM).
A new study, commissioned by EIA examines the role of high-voltage direct current (HVDC) lines in integrating renewables resources into the electric grid. The review indicates that, although applications in the current electric transmission network are limited, HVDC lines have a number of potential benefits including cost effectiveness, lower electricity losses, and the ability to handle overloads and prevent cascading failures. These attributes mean that HVDC lines could, if properly configured, help mitigate some operational issues associated with renewable generation.
This week’s World Gas Conference in Washington hosted a bunch of upbeat natural gas executives and analysts that expect an exceptionally bright future for the bridge fuel of the future, as natural gas is commonly called these days. With forecasts that U.S. production of natural gas could grow by 60 percent over the next 20 years amid booming demand as consumers seek to replace coal with cleaner alternatives, there is certainly reason to be optimistic.
The unprecedented economic development of China created serious environmental problems starting in December 1978 after Deng Xiaoping’s ‘opening up policy’. The Asian country transformed from a developing nation into a powerful state, able to confront the United States in a trade war.
Starting with the May 2018 release of the Petroleum Supply Monthly, EIA now publishes U.S. petroleum export data by region, defined as Petroleum Administration for Defense District (PADD), of origin and by country of destination.
Call it a tax without tears. It is a proposal to address carbon pollution by replacing a raft of tax subsidies and regulatory requirements with a carbon tax.
Throughout history the strong bond between the United States and Europe, arguably the world’s most important alliance, has been decisive within the international arena. Massive migration from the ‘old world’ to the ‘new’ during the past centuries has been the reason for sharing important norms and values such as democracy, liberalism, and international trade.
BOEM has March 2018 production at 1696 kbpd, which is down 1 percent month-on-month and 4 percent year-on-year (March 2017 was the peak production month for GoM so far).