Today in Energy

Apr 23, 2014

Projected bulk chemicals output varies across alternative energy price scenarios

graph of bulk chemical output and ethane to naptha price ratio, as explained in the article text
Source: U.S. Energy Information Administration, Annual Energy Outlook 2014, Issues in Focus
Note: The term bulk chemicals is directly related to bulk commodities primarily traded in large bins as powders and pellets.

Projected bulk chemicals production is quite sensitive to alternative assumptions regarding long-term oil prices and domestic oil and natural gas resources, according to recently released analysis in EIA's Annual Energy Outlook 2014 (AEO2014) Issues in Focus. This sensitivity reflects price changes for natural gas and hydrocarbon gas liquids (HGL), which bulk chemical producers use for heat, power, and feedstock. Also, changes in oil prices affect the bulk chemical industry because the industry's international competitiveness relies on the price ratio of oil-based feedstock (mostly naphtha) to natural gas-based feedstock (mostly ethane).

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Apr 22, 2014

U.S. petroleum product exports increase in 2013

map of U.S. petroleum product exports increase in 2013, as explained in the article text
Source: U.S. Energy Information Administration, Petroleum Supply Monthly
Note: PADD is Petroleum Administration for Defense Districts.

Exports of petroleum products from the United States averaged 3.5 million barrels per day (bbl/d) in 2013, 10% more than in 2012. The increase in exports was broad-based, affecting multiple products going to multiple regions. In December 2013, U.S. exports of petroleum products reached 4.3 million barrels per day, the first time exports exceeded 4 million barrels per day in a single month.

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Apr 21, 2014

Extending residential energy policies affects some end uses more than others

graph of change in residential delivered energy consumption for selected end uses, as explained in the article text
Source: U.S. Energy Information Administration, Annual Energy Outlook 2014, Issues in Focus

Many federal energy programs target residential consumption, such as appliance standards, building energy codes, and tax credits for energy efficient equipment. Because the Annual Energy Outlook 2014 (AEO2014) Reference case is intended to reflect current laws and regulations, two side cases show the effects of the continued availability of incentives and further strengthening of standards beyond levels already established under existing laws or regulations. A broader analysis is included in an Issues in Focus article released today; this article highlights residential sector impacts.

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Apr 18, 2014

Eleven states generated electricity from nonhydro renewables at double U.S. average

map of percent of electric generation from non-hydro renewable sources by state (2013), as explained in the article text
Source: U.S. Energy Information Administration, Electric Power Monthly

About 6.2% of total U.S. electricity supplies in 2013 were generated from nonhydro renewable energy sources such as wind, solar, biomass, and geothermal, up from 5.4% in 2012. But 11 states produced electricity at more than twice the national average from these sources—accounting for between 14% and 32% of their net electric generation—according to preliminary 2013 generation data in EIA's Electric Power Monthly report.

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Apr 17, 2014

Gulf Coast crude oil inventories reach record level

graph of gulf coast commercial crude inventories, as explained in the article text
Source: U.S. Energy Information Administration, Weekly Petroleum Status Report

Crude oil inventories on the U.S. Gulf Coast (USGC) reached 207.2 million barrels (bbl) on April 11, a record high. The elevated inventory levels are the result of the continuing strong crude oil production growth, the opening of TransCanada's Marketlink Pipeline, and a drop in crude oil inputs at USGC refineries as a result of seasonal maintenance.

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Apr 16, 2014

Personal travel growth significantly influences projected transportation energy demand

graph of vehicle use by U.S. drivers, as explained in the article text
Source: U.S. Energy Information Administration, Annual Energy Outlook 2014, Issues in Focus

Personal travel, measured in light-duty vehicle miles traveled (VMT) per licensed driver, reached 12,900 miles per year in 2007 and decreased to about 12,500 in 2012. This shift in travel behavior is important because it directly influences light-duty vehicle (LDV) energy demand for transportation fuels such as gasoline and diesel. Recent analysis suggests that multiple factors influence travel behavior. These include economic, demographic, technological, social, and environmental determinants that have the potential to significantly shift light-duty vehicle energy consumption.

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Apr 15, 2014

Twelve states produced 80% of U.S. wind power in 2013

map of electric generation from wind by state (2013), as explained in the article text
Source: U.S. Energy Information Administration, Electric Power Monthly

In 2013, 12 states accounted for 80% of U.S. wind-generated electricity, according to preliminary generation data released in EIA's March Electric Power Monthly report. Texas was again the top wind power state with nearly 36 million megawatthours (MWh) of electricity. Iowa was second, with more than 15 million MWh, followed by California, Oklahoma, Illinois, Kansas, Minnesota, Oregon, Colorado, Washington, North Dakota, and Wyoming.

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Apr 14, 2014

Liquefied natural gas shows potential as a freight locomotive fuel

graph of U.S. wet natural gas proved reserves, as explained in the article text
Source: U.S. Energy Information Administration, Annual Energy Outlook 2014, Issues in Focus
Note: The dotted lines represent diesel fuel use, while the solid lines represent LNG fuel use.

EIA projects that liquefied natural gas (LNG) will play an increasing role in powering freight locomotives in coming years. Continued growth in domestic natural gas production and substantially lower natural gas prices compared to crude oil prices could result in significant cost savings for locomotives that use LNG as a fuel source, according to EIA's Annual Energy Outlook 2014 (AEO2014).

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Apr 11, 2014

Lower prices pull down natural gas reserves in 2012

graph of U.S. wet natural gas proved reserves, as explained in the article text
Source: U.S. Energy Information Administration, U.S. Crude Oil and Natural Gas Proved Reserves report

Lower natural gas prices drove down U.S. proved reserves in 2012, despite notable gains in the Marcellus and Eagle Ford shale gas plays. The decline stopped a 14-year trend of consecutive increases in natural gas reserves, according to newly published estimates in EIA's U.S. Crude Oil and Natural Gas Proved Reserves 2012.

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Apr 10, 2014

Crude oil reserves at start of 2013 reach highest level since 1976

graph of regular-grade gasoline retail price and summer average, as explained in the article text
Source: U.S. Energy Information Administration, U.S. Crude Oil and Natural Gas Proved Reserves report

U.S. crude oil proved reserves rose for the fourth consecutive year in 2012, increasing by 15% to 33 billion barrels, according to the U.S. Crude Oil and Natural Gas Proved Reserves (2012) report released April 10 by the U.S. Energy Information Administration. U.S. crude oil and lease condensate proved reserves were the highest since 1976, and the 2012 increase of 4.5 billion barrels was the largest annual increase since 1970, when 10 billion barrels of Alaskan crude oil were added to U.S. proved reserves. Contributing factors to higher crude oil reserves include increased exploration for liquid hydrocarbons, improved technology for developing tight oil plays, and sustained high historical crude oil prices.

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