Tag Archives: growth

U.S. job market and automotive sales trends support growth in gasoline use

September 15, 2015 Source: U.S. Energy Information Administration, U.S. have been an important factor in the increase in gasoline use so far in 2015, changes in the labor market and in the vehicle sales mix over the past few years also have contributed to the rise in gasoline use. Because more than 90% of U.S. […]

Marcellus, Utica provide 85% of U.S. shale gas production growth since start of 2012

July 28, 2015 Source: U.S. Energy Information Administration, , July 2015 The productivity of natural gas wells in the Marcellus Shale and the neighboring Utica Shale is steadily increasing because of ongoing improvements in precision and efficiency of horizontal drilling and hydraulic fracturing occurring in those regions. Since January 2012, natural gas production in the […]

U.S. crude oil production growth helps reduce Gulf Coast imports

June 22, 2015 Source: U.S. Energy Information Administration, In recent years, higher domestic production of light, tight crude oil has regions. One of the key characteristics of crude oil is its density, measured by . Less-dense liquids have higher API gravities. Crude oils with API gravities of 35 or above are considered light; 27 to […]

U.S. oil production growth in 2014 was largest in more than 100 years

March 30, 2015 Source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. crude oil production (including lease condensate) increased during 2014 by 1.2 million barrels per day (bbl/d) to 8.7 million bbl/d, the largest volume increase since recordkeeping began in 1900. On a percentage basis, output in 2014 increased by 16.2%, the highest growth rate […]

Growth in residential electricity prices highest in 6 years, but expected to slow in 2015

March 16, 2015 Source: U.S. Energy Information Administration, Electric Power Monthly and Short-Term Energy Outlook Residential electricity customers in most areas of the country experienced large increases in retail electricity prices during 2014, with the average U.S. residential price increasing 3.1% over the previous year. The increase represents the highest annual growth rate since 2008. […]

Iraq was second-leading contributor to global oil supply growth during 2014

February 9, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook Despite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States. Iraq accounted for almost 60% of production growth among the Organization of the Petroleum Exporting Countries (OPEC), although this growth […]

Natural gas prices drop following strong production growth

January 28, 2015 Source: U.S. Energy Information Administration, Following a short-lived price increase in November, natural gas prices have dropped to their lowest levels since September 2012, reflecting strong domestic production and inventory builds. The 2013-14 winter’s sustained cold weather and and almost one trillion cubic feet (Tcf) lower than five-year (2009-13) average levels. Prices […]

Hawaii’s electric system is changing with rooftop solar growth and new utility ownership

January 27, 2015 Source: U.S. Energy Information Administration, is an independent electric cooperative. In December, (FPL). While FPL does not rely heavily on solar photovoltaics (PV) and other forms of renewable energy to serve its Florida customers, solar PV already plays a large role in Hawaii, and that role is expected to grow significantly over […]

Africa: IMF Downgrades Global Growth Forecast, Despite Cheaper Oil

Despite a sharp decline in oil prices, the International Monetary Fund (IMF) in its latest economic outlook today lowered growth expectations for this year and the next for most countries due to slowdown in investment, and urged governments and central banks to pursue economic stimulation policies and structural reforms to boost growth. According to its […]

Oil and currency markets reflect expectations for lower global economic growth

November 20, 2014 Source: U.S. Energy Information Administration, based on Bloomberg Note: The U.S. dollar index measures the value of the U.S. dollar against a basket of six currencies’ exchange rates: the euro, Japanese yen, British pound, Canadian dollar, Swiss franc, and Swedish krona. An increase in the index means the dollar is appreciating against […]

Texas leads nation in growth in oil and natural gas production jobs during 2013

November 5, 2014 Source: U.S. Energy Information Administration, based on U.S. Department of Labor, Note: Oil and natural gas production jobs comprise the North American Industry Classifications System (NAICS) categories for oil and gas extraction, support activities for oil and gas operations, and drilling oil and gas wells. Texas added more than 19,000 new private […]

Africa: Climate Action and Economic Growth

Photo: Climate demonstration (file photo) analysis Editor’s Note It is still conventional wisdom to pit action to curb climate change against economic growth. But the evidence is rapidly accumulating that this is a false dilemma, buttressed by vested interests in the fossil fuel industry and a simplistic concept of economic growth. According to a report […]

Russia looks beyond West Siberia for future oil and natural gas growth

September 19, 2014 Source: U.S. Energy Information Administration, Eastern Bloc Research, IHS EDINNote: Crude oil includes lease condensate production; Northwest & Arctic includes Kaliningrad.Note: . Russia was the world’s largest producer of crude oil (including lease condensate) and the world’s second-largest producer of dry natural gas in 2013. In 2013, production of crude oil and […]

U.S. liquid fuels production growth more than offsets unplanned supply disruptions

August 27, 2014 Source: U.S. Energy Information Administration, and IntercontinentalExchangeNote: The difference between U.S. liquid fuels and crude oil production represents production of hydrocarbon gas liquids, biofuels, and refinery processing gain. Non-OPEC supply disruptions include both crude oil and liquid fuels, while OPEC disruptions include only crude oil. Growth in oil production and supply disruptions […]

Reasons for projected natural gas-fired generation growth vary by region

August 15, 2014 Source: U.S. Energy Information Administration, Reference case Note: Values for the Northeast Power Coordinating Committee, Midwest Reliability Organization, and Western Electricity Coordinating Council regions account only for the portions of these regions within the United States. Totals exclude electric generation in the end-use sector, which is largely onsite industrial generation. WECC is […]

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