fuel supplies

Overview of Our Energy Modeling Problem

May 2, 2015 by Gail Tverberg

Fuel Limits and Energy Modeling

We live in a world with limits, yet our economy needs growth. How can we expect this scenario to play out? My view is that this problem will play out as a fairly near-term financial problem, with low oil prices leading to a fall in oil production. But not everyone comes to this conclusion.[read more]

The Shale Debt Redux

March 26, 2015 by Deborah Lawrence

Shale debt, falling prices and slack demand has tight oil producers in trouble. And yet, there is still burgeoning production. Why? Well, we’ve seen this before. It’s the shale debt redux. Operators did it a few years ago in natural gas and prices have yet to recover.[read more]

U.S. Commercial Crude Oil Inventories Now Provide the Most Days of Supply Since 1985

March 25, 2015 by U.S. EIA: Today in Energy

Crude Oil Inventories

With lower U.S. refinery runs and increases in domestic crude oil production, U.S. commercial crude oil inventories at the end of February provided the most days of supply since the mid-1980s. Inventories were sufficient to supply 29 days of U.S. refinery demand, based on expected refinery runs in March.[read more]

Could Falling Oil Prices Benefit the Climate?

February 16, 2015 by Devashree Saha

Oil Price Collapse and Climate Benefits?

Crashing oil prices are raising the specter of gas guzzlers and a dirtier world economy. However, it may not be as simple as that. We've argued that falling oil prices won't slow the scale up of most clean tech. Here’s another counter-intuitive point: The current oil price drop may be a boon for the global climate.[read more]

New Study Shows Alternative Fuel Supplies Could Triple on the West Coast

January 31, 2015 by NRDC Switchboard

In my line of work to protect public health and the environment from car and truck pollution, one of the largest barriers continues to be, frankly, the lack of clean, alternative fuel choices. For every fifteen gasoline stations you drive by, on average only one will offer an alternative fuel option.[read more]

NERC Assessment Examines Winter Power System Reliability, Fuel Diversity

January 25, 2015 by U.S. EIA: Today in Energy

NERC Assessment

The North American Electric Reliability Corporation's (NERC) recently released 2014-15 Winter Reliability Assessment has found that all current assessment areas have enough capacity resources to meet normal winter peak electricity demand.[read more]

Energy Quote of the Day: '...Reassured about Health of the Custodian of the Two Holy Mosques'

January 10, 2015 by Jared Anderson

Leadership Stability in Saudi Arabia

A recent morning began with rumors that Saudi King Abdullah bin Abdulaziz Al Saud had died, though it quickly became clear this was not the case. However, King Abdullah has been in poor health for years and is currently hospitalized undergoing treatment for pneumonia.[read more]

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]