energy growth

U.S. Oil and Natural Gas Reserves Both Increase in 2014

December 3, 2015 by U.S. EIA: Today in Energy

Fossil Fuel Reserves

U.S. crude oil and lease condensate proved reserves increased by 9% to 39.9 billion barrels, and natural gas proved reserves increased by 10% to 389 trillion cubic feet in 2014, according to EIA's U.S. Crude Oil and Natural Gas Proved Reserves report.[read more]

India Likely to Experience Continued Growth in Electricity Use for Air Conditioning

October 30, 2015 by U.S. EIA: Today in Energy

India and AC Needs

Energy demand for space cooling is growing rapidly in India and around the world, driven by rising incomes and a natural preference for certain ambient air temperatures. Currently, India has a relatively low penetration of air conditioning, while the United States is a much more saturated market.[read more]

Air Conditioning and Global Energy Demand

April 29, 2015 by Lucas Davis

AC and Growing Energy Demand

Sales of air conditioners have exploded worldwide over the last few years, driven by middle-income countries where households and businesses are buying air conditioners at startling rates. Int China, for example, sales of air conditioners have nearly doubled over the last 5 years.[read more]

Natural Gas Prices Drop Following Strong Production Growth

January 29, 2015 by U.S. EIA: Today in Energy

Natural Gas Production and Prices

Following a short-lived price increase over the course of November, natural gas prices have dropped to their lowest levels since all the way back in September of 2012, which is a reflection of very strong and healthy domestic production and inventory builds.[read more]

U.S. Liquid Fuels Production Growth more than Offsets Unplanned Supply Disruptions

August 29, 2014 by U.S. EIA: Today in Energy

Production and Supply Disruption

Record-setting liquid fuels production growth in the United States has more than offset the rise in unplanned global supply disruptions over the past few years, although differences in quality and location suggest that the substitution may not be exactly 1-for-1.[read more]

U.S. Crude Exports in April Rise to Highest Level in 15 Years

June 22, 2014 by U.S. EIA: Today in Energy

US Crude Exports

The United States exported 268,000 barrels per day (b/d) of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years. Exports have increased sharply since the start of 2013 and have exceeded 200,000 b/d in five of the past six months.[read more]

Chart: Wind Energy Dominates the 37GW of Power Under Construction

April 29, 2014 by Katherine Tweed

Wind Dominance

Last October, renewable energy accounted for nearly 100 percent of all new generation capacity in the US. For the first quarter of 2014, the FERC found that renewable energy sources, primarily wind and solar, made up more than 90 percent of new installed power capacity.[read more]

Friday Energy Facts: Half of Power Plant Capacity Additions in 2013 Came From Natural Gas

April 11, 2014 by U.S. EIA: Today in Energy

Power Plant Capacity Additions

Natural gas-fired power plants accounted for just over 50% of new utility-scale generating capacity added in 2013. Solar provided nearly 22%, a jump up from less than 6% in 2012. Coal provided 11% and wind nearly 8%. Almost half of all capacity added in 2013 was located in California.[read more]

Reaching Limits to Growth: What Should our Response Be?

February 19, 2014 by Gail Tverberg

Oil limits seem to be pushing us toward a permanent downturn, including a crash in credit availability, loss of jobs, and even possible government collapse. In this process, we are likely to lose access to both fossil fuels and grid electricity. Supply chains will need to be short, because of the lack of credit.[read more]

Limits to Growth: At Our Doorstep, But not Recognized

February 7, 2014 by Gail Tverberg

Growth and Limitation

How long can economic growth continue in a finite world? This is the question the 1972 book The Limits to Growth sought to answer. The computer models that the team of researchers produced strongly suggested that the world economy would collapse sometime in the first half of the 21st century.[read more]

Why I Don’t Believe Randers' Limits to Growth Forecast to 2052

September 27, 2013 by Gail Tverberg

Energy Consumption Forecasts

In 1972, analysis suggested that serious resource depletion issues would occur about now–the first part of the 21st century. In comparison, current indications look much better, with world GDP growth continuing to rise through 2050, and energy consumption growing until 2040.[read more]

Road to Daegu Series: Energy Growth in the Middle East

September 24, 2013 by Sheila Oliva

Our most recent “Road to Daegu” round table discussion took place in Abu Dhabi, where the panel debated energy trends in the Middle East, such as increasing energy demand, consumption, efficiency, renewable sources, oil and gas exports, and training of local personnel.[read more]

Japan Solar Energy PV Industry Reaches 10 GW Milestone

September 15, 2013 by Joshua Hill

Japan Solar PV

New research conducted by NPD Solarbuzz and featured on their blog this past week shows that Japanese solar photovoltaic “PV” installations have now passed 10 GW for cumulative PV capacity, only the fifth country to reach the mark.[read more]

Nuclear Energy Projects Play Vital Role in Meeting Growing Energy Demands

September 10, 2013 by Mia Shaw

Nuclear's Vital Role

The U.S. Department of Energy projects that U.S. electricity demand will rise 28 percent by 2040. The nation will subsequently need hundreds of new power plants in order to provide electricity to Americans as well as to sustain economic growth.[read more]

Prepare for the Chinese Energy Juggernaut

September 5, 2013 by Robert Rapier

China Energy Growth

The Energy Information Administration (EIA) recently released its International Energy Outlook 2013 (IEO2013). The the organization’s forecasts are worth reviewing, with particular interest to the agency's forecast about China’s energy demand.[read more]