U.S. Energy Information Administration - EIA - Independent Statistics and Analysis
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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).
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.
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.
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.
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.
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.
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.
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).
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.
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.