EIA releases additional Annual Energy Outlook 2013 content
The U.S. Energy Information Administration (EIA) today released additional content of the Annual Energy Outlook 2013 (AEO2013), updating and expanding the early release version of the AEO2013 Reference case released in December 2012. Today's release includes a Legislation and Regulations section that discusses evolving issues, a Market Trends section that highlights projections for energy markets, and a comparison of AEO2013 with projections from other organizations. Additional components of the AEO2013 will be issued over the coming weeks.
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Apr 12, 2013
A cold snap at the end of January 2013 caused an increase in natural gas demand for heating homes and businesses in New England, an area of the country with limited natural gas supply infrastructure. This demand surge taxed the region's natural gas pipeline capacity, causing a run-up in regional natural gas prices. The power market response to higher natural gas prices and tight supply was to reduce natural gas use for power generation and to increase generation from other fuels.
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Winter natural gas price spikes in New England spur generation from other fuels
Source: U.S. Energy Information Administration, Electric Power Monthly.
Note: New England includes Maine, New Hampshire, Vermont, Massachusetts, Connecticut, and Rhode Island.
Note: New England includes Maine, New Hampshire, Vermont, Massachusetts, Connecticut, and Rhode Island.
A cold snap at the end of January 2013 caused an increase in natural gas demand for heating homes and businesses in New England, an area of the country with limited natural gas supply infrastructure. This demand surge taxed the region's natural gas pipeline capacity, causing a run-up in regional natural gas prices. The power market response to higher natural gas prices and tight supply was to reduce natural gas use for power generation and to increase generation from other fuels.
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tags:
Canada ,
consumption ,
electricity ,
hydroelectric ,
imports ,
liquid fuels ,
natural gas ,
New England ,
New York ,
nuclear ,
oil/petroleum ,
prices
Apr 11, 2013
Natural gas used to generate electricity so far this year is below the high level during the comparable 2012 period, when low natural gas prices led to significant displacement of coal by natural gas for power generation. In early 2013, coal recovered some market share as natural gas prices rose. By late March, wholesale natural gas prices at the Henry Hub trading center were back to $4 per million British thermal units (MMBtu). In response, electricity generators used 16% less natural gas this March compared with March 2012.
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Year-to-date natural gas use for electric power generation is down from 2012
Source: U.S. Energy Information Administration, based on Bentek Energy LLC.
*Note: 2013 data are partially estimated based on pipeline flows.
*Note: 2013 data are partially estimated based on pipeline flows.
Natural gas used to generate electricity so far this year is below the high level during the comparable 2012 period, when low natural gas prices led to significant displacement of coal by natural gas for power generation. In early 2013, coal recovered some market share as natural gas prices rose. By late March, wholesale natural gas prices at the Henry Hub trading center were back to $4 per million British thermal units (MMBtu). In response, electricity generators used 16% less natural gas this March compared with March 2012.
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tags:
CAPP (Central Appalachian Coal) ,
coal ,
combined-cycle ,
electricity ,
generation ,
inventories ,
natural gas ,
prices
Apr 10, 2013
The retail price for regular gasoline is expected to average $3.63 per gallon during this summer driving season, slightly below average prices over the last two summers, according to the U.S. Energy Information Administration's Short-Term Energy Outlook (see chart above). The forecast reflects a small decline in crude oil prices and expected gasoline consumption, as well as higher gasoline inventory levels.
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Average summer gasoline prices expected to be slightly lower than in 2012
Source: U.S. Energy Information Administration, Short-Term Energy Outlook.
The retail price for regular gasoline is expected to average $3.63 per gallon during this summer driving season, slightly below average prices over the last two summers, according to the U.S. Energy Information Administration's Short-Term Energy Outlook (see chart above). The forecast reflects a small decline in crude oil prices and expected gasoline consumption, as well as higher gasoline inventory levels.
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tags:
consumption ,
crude oil ,
exports ,
forecast ,
gasoline ,
imports ,
liquid fuels ,
oil/petroleum ,
production ,
STEO (Short-Term Energy Outlook)
Apr 9, 2013
Reforming is an oil refining operation that produces reformate, a high-octane gasoline blending component. Reformate is one of several blending components in finished gasoline. EIA expects gasoline production to increase during the summer driving season.
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Catalytic reforming boosts octane for gasoline blending
Source: U.S. Energy Information Administration.
Reforming is an oil refining operation that produces reformate, a high-octane gasoline blending component. Reformate is one of several blending components in finished gasoline. EIA expects gasoline production to increase during the summer driving season.
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Apr 8, 2013
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Foreign investors play large role in U.S. shale industry
Source: U.S. Energy Information Administration.
Note: Graph does not include the proposed Sinochem joint venture, as it is still subject to U.S. government approval. Investment dollars refer to aggregate expenditures over the term of the entire agreement. Dollar figures are reported for the year the deal was executed. Map of Wolfcamp play represents approximate basin location.
Note: Graph does not include the proposed Sinochem joint venture, as it is still subject to U.S. government approval. Investment dollars refer to aggregate expenditures over the term of the entire agreement. Dollar figures are reported for the year the deal was executed. Map of Wolfcamp play represents approximate basin location.
Republished April 8, 8:42 a.m. to update note.
In early 2013, Sinochem, a Chinese company, entered into a $1.7 billion
joint venture with Pioneer Natural Resources to acquire a stake in the
Wolfcamp Shale play in West Texas. This investment highlights a renewed
trend toward foreign joint ventures. Since 2008, foreign companies have
entered into 21 joint ventures with U.S. acreage holders and operators,
investing more than $26 billion in tight oil and shale gas plays. Read More ›
tags:
Barnett ,
Eagle Ford ,
Haynesville ,
liquid fuels ,
Marcellus ,
natural gas ,
oil/petroleum ,
shale ,
Utica
Apr 5, 2013
Energy-related carbon dioxide (CO2) emissions in 2012 were the lowest in the United States since 1994, at 5.3 billion metric tons of CO2 (see figure above). With the exception of 2010, emissions have declined every year since 2007.
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Energy-related carbon dioxide emissions declined in 2012
Source: U.S. Energy Information Administration, Monthly Energy Review
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Energy-related carbon dioxide (CO2) emissions in 2012 were the lowest in the United States since 1994, at 5.3 billion metric tons of CO2 (see figure above). With the exception of 2010, emissions have declined every year since 2007.
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tags:
CO2 (carbon dioxide) ,
coal ,
consumption ,
emissions ,
generation ,
liquid fuels ,
natural gas ,
oil/petroleum ,
weather
Apr 4, 2013
Stretching from Singapore and the Strait of Malacca chokepoint in the southwest to the Strait of Taiwan in the northeast, the South China Sea is one of the most important energy trade routes in the world. Almost a third of global crude oil and over half of global liquefied natural gas (LNG) passes through the South China Sea each year.
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The South China Sea is an important world energy trade route
Source: U.S. Energy Information Administration.
Note: Click map to enlarge.
Note: Click map to enlarge.
Stretching from Singapore and the Strait of Malacca chokepoint in the southwest to the Strait of Taiwan in the northeast, the South China Sea is one of the most important energy trade routes in the world. Almost a third of global crude oil and over half of global liquefied natural gas (LNG) passes through the South China Sea each year.
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tags:
Australia ,
China ,
crude oil ,
international ,
liquid fuels ,
LNG (liquefied natural gas) ,
oil/petroleum ,
reserves
Apr 3, 2013
Several countries have overlapping territorial claims to portions of the South China Sea, which stretches from Singapore in the southwest to Taiwan in the northeast. The Spratly Islands and Paracel Islands are two of the most contested areas (see dark blue islands on map above). However, unlike other parts of the South China Sea, these areas have not been assessed to hold large (conventional) resources of oil and natural gas. Under the United Nations Convention on the Law of the Sea, ownership of habitable islands can extend the exclusive access of a country to surrounding energy resources.
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Contested areas of South China Sea likely have few conventional oil and gas resources
Source: U.S. Energy Information Administration.
Note: Click map to enlarge.
Note: Click map to enlarge.
Several countries have overlapping territorial claims to portions of the South China Sea, which stretches from Singapore in the southwest to Taiwan in the northeast. The Spratly Islands and Paracel Islands are two of the most contested areas (see dark blue islands on map above). However, unlike other parts of the South China Sea, these areas have not been assessed to hold large (conventional) resources of oil and natural gas. Under the United Nations Convention on the Law of the Sea, ownership of habitable islands can extend the exclusive access of a country to surrounding energy resources.
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Apr 2, 2013
Sales of specialty incandescent bulbs decline despite exemption from efficiency standards
Source: U.S. Energy Information Administration, based
on Department of Energy (DOE) and the National Electricity Manufacturers
Association (NEMA).
Note: EISA is the Energy Independence and Security Act of 2007.
Note: EISA is the Energy Independence and Security Act of 2007.
Most specialty light bulb types, like three-way bulbs and appliance bulbs, are exempted from congressionally-legislated energy efficiency standards. But recent shipment data show that sales of these exempt incandescent lamps have declined. This effect points to broader lighting market transformation beyond the target of the original legislation, which was the more common general service bulbs.
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