EIA Short-Term Energy Outlook

September 7, 2011

Electricity U.S. Electricity Consumption.  Although cumulative cooling degree-days for 2011 through August for the entire United States were just 2.8 percent higher than the same period in 2010, some regions experienced extreme weather during the past few months.  Record heat in Texas has led to record-setting power demand while Hurricane Irene recently caused widespread power […]

US GAS: Futures Settle Near Four-Month Lows

August 3, 2011

Natural-gas futures settled at their lowest level since April on Wednesday as weak economic data led to negative sentiment among traders who now wait for Thursday’s inventory data for more direction. Natural gas for September delivery settled down 6.5 cents, or 1.6%, at $4.090 per million British thermal units on the New York Mercantile Exchange. […]

Electricity Competition Works

July 11, 2011

A month ago, Pennsylvania regulators held a hearing on the state’s competitive electric market, because so few residents are switching providers. For advice, they turned to Texas, inviting a top regulator along with some industry executives. Barry Smitherman, chairman of the Texas Public Utility Commission, gave the opening address. Jim Burke, CEO of TXU Energy, […]

Germany abandons nuclear energy

June 2, 2011

Germany’s decision to shut down Terawatts of low carbon electricity in the middle of Europe was a political move to appease the green party but is likely to increase overall carbon use. Germany’s move will result in about 400 million tons of extra carbon emissions by 2020, as the country relies more on fossil fuels. Nor is […]

Natural Gas- Oversupplied For How Long?

May 17, 2011

Gas demand is showing unexpected signs of growth, and longer-term prices face more upside risk. Gas demand from power is poised to climb 15% by 2016 to 22.9 Bcf/d, led by coal-to-gas switching, coal plant retirements and gas-fired capacity additions. Demand from the residential, commercial, exports, transportation and other sectors also is rising. Mexican exports […]

Natural Gas/Crude Spread Hits Record

May 9, 2011

  The spread between natural gas and crude oil has hit an all time record. Using inter-market analysis allows us to compare the value of substitute goods using equal measurements such as MMBtus, in this case, we can compare the price of crude oil to the price of natural gas to determine what price levels it becomes […]

U.S. Electricity Retail Prices

April 17, 2011

U.S. Electricity Retail Prices.  During 2010, retail prices for electricity distributed to the residential sector averaged 11.58 cents per kilowatthour, about the same level as in 2009.  EIA expects residential prices to rise by 2.3 percent in 2011, followed by little change in 2012.  The effect of lower generation fuel costs should be more evident […]

Will Natural Gas replace Coal?

February 3, 2011

States such as Kansas have already begun a switch to natural gas. Prior to 2002, there were only 63 registered natural gas wells in the Cherokee Basin. In 2009, more than 5,200 were registered. Southern West Virginia, known for its vast coal reserves, would likely be hurt the most from a blow to the coal […]

Natural Gas use for Transportation to Increase

November 21, 2010

Natural Gas’s low price relative to crude oil makes some form of this proposed amendment likely to pass There is established within the Department a Natural Gas Vehicle and Infrastructure Development Program for the purpose of facilitating the use of natural gas in the United States as an alternative transportation fuel, in order to achieve […]