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fuel supplies

Ten Reasons Why a Severe Drop in Oil Prices is a Problem

December 10, 2014 by Gail Tverberg

Oil Price Collapse Problem

Not long ago, I wrote an article titled 'Ten Reasons Why High Oil Prices are a Problem.' If high oil prices can be a problem, how can low oil prices also be a problem? In particular, how can the steep drop in oil prices we have recently been experiencing also be a problem?[read more]

Friday Energy Facts: After Record Injections, Natural Gas Storage Levels Now Within 7% of 5-Year Average

November 14, 2014 by U.S. EIA: Today in Energy

Natural Gas Storage Levels

Working natural gas in storage ended the month of October at 3,571 billion cubic feet (Bcf), a record increase of 2,734 Bcf during the April 1 to October 31 injection season, and within 7 percent of the average of the last five end-of-season storage levels.[read more]

Is President Obama Manipulating Gasoline Prices?

November 4, 2014 by Robert Rapier

For those who tend not to read much past the headline, the answer to that question is “No.” President Obama is not manipulating gasoline prices. If you want to understand a bit more about the issue of falling gas prices during election seasons, feel free to read on.[read more]

How Would We Provide Enough Energy For 11 Billion People?

October 29, 2014 by Geoffrey Styles

Due to a slowing of birth rates, predictions of a world of 12 billion by 2100 or sooner seemed to be wrong. Population estimates in the last decade, including from the United Nations, began to focus on an eventual plateau around 9 billion. But now it appears those lower forecasts might have been too optimistic.[read more]

Update on US Natural Gas, Coal, Nuclear, and Renewables

August 28, 2014 by Gail Tverberg

Fuel, Electricity, and the US

United States natural gas production leveled off in 2013, because of the low level of US natural gas prices. In 2013, there was growth in gas production in Pennsylvania in the Marcellus, but many other states, including Texas, saw decreases in production.[read more]

Friday Energy Facts: Oil and Natural Gas Resource Categories Reflect Varying Degrees of Certainty

July 18, 2014 by U.S. EIA: Today in Energy

Resources and Certainty

Crude oil and natural gas resources are the estimated oil and natural gas volumes that might be produced at some time in the future. The volumes of oil and natural gas that ultimately will be produced cannot be known ahead of time, but resource estimates change.[read more]

Energy Security: 'Euphoria over Abundance' is Misplaced says Jason Bordoff at IAEE Conference

June 26, 2014 by Roman Kilisek

Abundance and Future Planning

The energy world is highly volatile and, therefore, always in flux. In this context, Jason Bordoff, Founding Director of the SIPA Center on Global Energy Policy at Columbia University, issued the following sobering warning: “Rosy projections for the next decade are always a little harder to accomplish in reality.”[read more]

The Connection Between Oil Prices, Debt Levels, and Interest Rates

May 23, 2014 by Gail Tverberg

Prices, Debt, and Interest

The economy doesn’t just grow by itself (contrary to the belief of many economists). It grows because affordable energy products allow raw materials to be transformed into finished products. Increased debt helps energy products become more affordable.[read more]

Russia and the Ukraine: The Worrisome Connection to World Oil and Gas Problems

May 9, 2014 by Gail Tverberg

Ukraine Crisis and World Oil and Gas

If a person thinks about the current Ukraine crisis, it looks a lot like a situation where the world is reaching limits on oil and gas production. The marginal producers (including Russia) are being pushed out, at the same time that the marginal consumers (including the Ukraine) are being pushed out.[read more]

Experts: Cost Gap Between Renewables and Natural Gas 'Is Closing'

May 7, 2014 by Herman Trabish

Renewables Catching Up with Natural Gas

The cost of renewables is steadily catching up to the cost of natural gas and will soon beat it. According to a panel of researchers at the Windpower 2014 conference, continued improvements in wind and solar technologies are making them a threat to natural gas.[read more]

Renewable Hydrogen on the Big Island

April 25, 2014 by Robert Rapier

Renewable Hydrogen

Hawaii has abundant energy resources from wind, the sun, geothermal, water, and biomass. Yet Hawaii relies on petroleum for 80 percent of its energy, making it by far the most petroleum-dependent state. This is because Hawaii is the only state that still gets a large portion of its electricity from oil.[read more]

Lower Prices Pull Down Natural Gas Reserves in 2012

April 13, 2014 by U.S. EIA: Today in Energy

Natural Gas Reserves

Lower natural gas prices drove down U.S. proved reserves in 2012, despite notable gains in the Marcellus and Eagle Ford shale gas plays. The decline stopped a 14-year trend of consecutive increases in natural gas reserves, according to newly published estimates.[read more]


For All the Calls to 'Rescue' Ukraine with LNG Exports, US Should Steady the Course on Terminal Applications

March 31, 2014 by Jim Pierobon

Ukraine LNG Rescue

The annexation of Crimea by Russia is strengthening the case for U.S. companies exporting liquefied natural gas to beef up Ukraine’s, and U.S. allies’, energy security. But it will take time before significant new quantities of LNG start flowing from the U.S. terminals awaiting approvals.[read more]

Coal Supplies at Electric Power Plants Drawn Down in Cold Weather

March 30, 2014 by U.S. EIA: Today in Energy

Coal Supply Draw Down

The average supply of coal fuel held in reserve at electric power generators in December 2013 dropped below sixty days worth of burn (a function of both inventory levels and anticipated consumption) for the first time since summer 2011.[read more]

It Just Doesn't Add Up: Why I Think Not Building Keystone XL Will Leave a Billion Barrels of Bitumen in the Ground

March 25, 2014 by Maximilian Auffhammer

Keystone and Potential Fuel

When oil sands come up in conversation, many of my economist friends argue that "the stuff will come out of the ground whether we like it or not". When the discussion turns to Keystone, the attitude is that "it simply doesn't matter. The Canadians are just going to build pipelines and ship the stuff elsewhere."[read more]