Sign up | Login with →

energy information administration (eia)

EIA Lowers Crude Oil Price Forecast Through 2016

August 20, 2015 by U.S. EIA: Today in Energy

Oil Price Predictions

Amid uncertainty in the oil market, EIA has lowered crude oil price forecasts in the Short-Term Energy Outlook (STEO), expecting West Texas Intermediate (WTI) crude oil prices to average $49 per barrel (b) in 2015 and $54/b in 2016, $6/b and $8/b lower than forecast in last month's STEO, respectively.[read more]

Monthly Power Sector Carbon Dioxide Emissions Reach 27-Year Low in April

August 5, 2015 by U.S. EIA: Today in Energy

Monthly Emissions

The electric power sector emitted 128 million metric tons of carbon dioxide (MMmt CO2) in April of this year, the lowest for any month since April 1988, according to the most recent estimates in the Energy Information Administration's Monthly Energy Review.[read more]

Energy Storage and the Cost of Going Off-Grid

July 8, 2015 by Geoffrey Styles
11

Last month's Annual Energy Conference of the EIA included speakers and panels on topics such as crude-by-rail, potential oil exports, and the role of the Strategic Petroleum Reserve, all of which should be familiar to my readers here. However, the topic that really caught my interest this year was energy storage.[read more]

Why EIA, IEA, and BP Oil Forecasts are Too High

June 12, 2015 by Gail Tverberg
1

Oil Forecasting and Risk

When forecasting how much oil will be available in future years, a standard approach seems to be the following: 1. Figure out how much GDP growth the researcher hopes to have in the future. 2. “Work backward” to see how much oil is needed, based on how much oil was used for a given level of GDP in the past.[read more]

DoE Finds Wind Energy Will Have Largest Role in Cost-Effectively Meeting Clean Power Plan

June 3, 2015 by Michael Goggin

Clean Power Plan Compliance

Low-cost, zero-emission wind energy will become even more valuable as states and utilities develop plans to cost-effectively reduce carbon pollution to comply with EPA’s Clean Power Plan, according to new economic analysis from the Energy Information Administration.[read more]

Under Clean Power Plan, Natural Gas, then Renewables, Gain Generation Share

May 28, 2015 by U.S. EIA: Today in Energy

Clean Power Plan

The Energy Information Administration's recently released analysis of the Environmental Protection Agency's proposed Clean Power Plan rule shows it would result in major changes in the fuel mix used to generate electricity in the United States.[read more]

Average Size of New Commercial Buildings in United States Continues to Grow

May 17, 2015 by U.S. EIA: Today in Energy

U.S. Building Size

Increases in the size of commercial buildings have outpaced increases in the number of those buildings over the past decade. Information about the commercial building stock in 2012 is now being released, and energy-use information is expected later this year.[read more]

Implications of Higher Domestic Crude Production for U.S. Refining

May 12, 2015 by U.S. EIA: Today in Energy

U.S. Oil Production Effects and Impacts

The Energy Information Administration is developing a series of analyses that address the implications of current limitations on crude oil exports for prices, including both world and domestic crude oil and petroleum product prices, and for the level of domestic crude oil production and refining activity.[read more]

Natural Gas, Renewables Projected to Provide Larger Shares of Electricity Generation

May 10, 2015 by U.S. EIA: Today in Energy
9

U.S. Fuels and the Future

EIA projects that electricity consumption will increase at an average annual rate of 0.8% from 2013 to 2040, nearly in line with expected population growth. Continuing a recent trend toward lower levels of carbon-intensive generation, natural gas and renewable generation meet almost all of the increase.[read more]

U.S. Energy Demand Slows Except for Industrial, Commercial Sectors

May 8, 2015 by U.S. EIA: Today in Energy

United States Energy Demand and Change

U.S. energy consumption has slowed recently and is not anticipated to return to growth levels seen in the second half of the 20th century. Domestic consumption is expected to grow at a modest 0.3% per year through 2040, less than half the rate of population growth.[read more]

Is United States Energy Independence in Sight?

May 6, 2015 by Geoffrey Styles
2

U.S. Energy Independence Possible?

The U.S. Energy Information Administration's latest Annual Energy Outlook features the key finding that the US is on track to reduce its net energy imports to essentially zero by 2030, if not sooner. That might seem surprising, in light of the recent collapse of oil prices and the resulting significant slowdown in drilling.[read more]

Increasing Domestic Production of Crude Oil Reduces Net Petroleum Imports

April 24, 2015 by U.S. EIA: Today in Energy

Crude Oil Production Impacts

In its recently released Annual Energy Outlook 2015, the EIA expects United States crude oil production to rise through the year 2020 as oil prices recover from their steep decline, reducing net petroleum (crude oil and petroleum products) imports.[read more]

U.S. Energy Imports and Exports to Come into Balance for First Time Since 1950s

April 17, 2015 by U.S. EIA: Today in Energy
1

Import/Export Balance

Projections show the potential to eliminate net U.S. energy imports sometime between 2020 and 2030. This reflects changes in both supply and demand, as continued growth in oil and natural gas production and the use of renewables combine with demand-side efficiencies to moderate demand growth.[read more]

Summer Gasoline Prices to be Down More than $1 from Last Summer

April 14, 2015 by U.S. EIA: Today in Energy

Summer Gas Price Drop

U.S. drivers are projected to pay an average of $2.45/gallon (gal) for regular grade gasoline this summer (April through September), according to EIA's Short-Term Energy and Summer Fuels Outlook. This year's projected average summer price is down from a $3.59/gal average during summer 2014.[read more]

U.S. Solar Generation Doubled in 2014, Renewable Output Grew 11%

March 12, 2015 by Jeff St. John
16

U.S. and Renewables Growth

New federal statistics out this week have shed more light on solar and wind energy’s emerging role in keeping the country’s lights on. According to the U.S. Energy Information Administration, 2014 saw non-hydro renewable energy generation increase by 11 percent over the previous year.[read more]