MRCTI


Posted an entry on Today in Energy
OPEC net oil export revenues expected to fall in 2014 and 2015
Based on crude oil market assessments in the Short-Term Energy Outlook, EIA estimates that members of OPEC, excluding Iran, will earn about $700 billion in net oil export revenues in 2014, a 14% decrease from 2013 earnings and the lowest earnings for...
2014-12-17 08:00:00

Posted an entry on Today in Energy
U.S. household gasoline expenditures in 2015 on track to be the lowest in 11 years
The average U.S. household is expected to spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years. Lower fuel expenditures are attributable to a combination...
2014-12-16 08:00:00

Posted an entry on Today in Energy
Gasoline prices tend to have little effect on demand for car travel
The U.S. average retail price per gallon of regular motor gasoline has fallen 28% from its 2014 peak of $3.70 per gallon on June 23, to $2.68 per gallon on December 8. However, this price decline may not have much effect on automobile travel, and in...
2014-12-15 08:00:00

Posted an entry on Today in Energy
Despite lower crude oil prices, U.S. crude oil production expected to grow in 2015
The recent decline in crude oil prices has created the potential for weaker crude oil production. EIA's Drilling Productivity Report includes indicators that provide details on the effect low prices may have on tight oil production, which accounts for...
2014-12-12 08:00:00

Posted an entry on Today in Energy
California leads the nation in the adoption of electric vehicles
In 2013, there were about 70,000 battery electric vehicles and 104,000 plug-in hybrid electric vehicles—small numbers compared to around 226 million registered vehicles in the United States. Total U.S. sales of plug-in electric vehicles (PEVs) have...
2014-12-10 08:00:00

Posted an entry on Today in Energy
Increased solar and wind electricity generation in California are changing net load shapes
As more solar and wind electric generating capacity is added in California, the California Independent System Operator (CAISO), the electric grid operator for most of the state, is facing an increasingly different net load shape. Net load?the total...
2014-12-09 08:00:00

Posted an entry on Today in Energy
Almost all U.S. nuclear plants require life extension past 60 years to operate beyond 2050
When nuclear power plants are built, the Nuclear Regulatory Commission (NRC) has the authority to issue initial operating licenses for a period of 40 years. Beyond that, the reactors need license renewals, and the NRC has granted 20-year license...
2014-12-08 08:00:00

Posted an entry on Today in Energy
U.S. oil reserves continue rising, surpass 36 billion barrels for first time since 1975
U.S. crude oil and lease condensate proved reserves rose for the fifth consecutive year in 2013, increasing by 9% over 2012 to 36.5 billion barrels, according to the U.S. Crude Oil and Natural Gas Proved Reserves, 2013 report released today by the U.S....
2014-12-05 08:00:00

Posted an entry on Today in Energy
Number of natural gas customers participating in customer choice programs is increasing
Eligibility and participation in customer choice programs, which allow residential and commercial customers to purchase natural gas from nonregulated energy suppliers, have increased over the past 12 years. The number of eligible customers has more than...
2014-12-03 08:00:00

Posted an entry on Today in Energy
32% of natural gas pipeline capacity into the Northeast could be bidirectional by 2017
Spurred by growing natural gas production in Pennsylvania, West Virginia, and Ohio, the natural gas pipeline industry is planning to modify its systems to allow bidirectional flow in order to flow up to 8.3 billion cubic feet per day (Bcf/d) out of the...
2014-12-02 08:00:00

Posted an entry on Today in Energy
World oil transit chokepoints critical to global energy security
International energy markets depend on reliable transport routes. About 63% (56.5 million barrels per day) of the world's oil production in 2013 moved on maritime routes. World chokepoints for maritime transit of oil are a critical part of global energy...
2014-12-01 08:00:00

Posted an entry on Today in Energy
U.S. natural gas reserves increase 10% in 2013 to reach a record 354 Tcf
U.S. total natural gas proved reserves increased 10% (31 trillion cubic feet (Tcf)) in 2013 and reached a new U.S. record of 354 Tcf, according to newly published data in EIA's U.S. Crude Oil and Natural Gas Proved Reserves, 2013.
2014-11-27 08:00:00

Posted an entry on Today in Energy
U.S. gasoline prices this Thanksgiving are the lowest since 2009
U.S. retail regular-grade gasoline prices continue to decline, averaging $2.82 per gallon (gal) as of November 24. This average is 47 cents lower than a year ago, and the lowest price heading into a Thanksgiving holiday since 2009. Traditionally, the...
2014-11-26 08:00:00

Posted an entry on Today in Energy
Shale gas provides largest share of U.S. natural gas production in 2013
Total U.S. natural gas gross withdrawals reached a new high at 82 billion cubic feet per day (Bcf/d) in 2013, with shale gas wells becoming the largest source of total natural gas production. According to the release of the Natural Gas Annual, gross...
2014-11-25 08:00:00

Posted an entry on Today in Energy
Boston, New York City winter natural gas prices expected to remain high
Despite expectations of a milder winter for 2014, marketers anticipate high prices for natural gas in Boston and New York City. Natural gas prices are expected to be lower than last winter, but higher than the average of previous winters, particularly...
2014-11-24 08:00:00

Posted an entry on Today in Energy
EIA releases new online tool to track crude oil imports
EIA's recently released U.S. Crude Oil Import Tracking Tool, designed to analyze crude oil imports in response to growing domestic production, allows users to sort and display imports by month or year, density, country of origin, port of entry,...
2014-11-21 08:00:00

Posted an entry on Today in Energy
Oil and currency markets reflect expectations for lower global economic growth
Since August, both crude oil and currency markets have been influenced by lower economic growth expectations in countries outside the United States. Prices in both markets recently broke out of established trading ranges, driven by concerns about weaker...
2014-11-20 08:00:00

Posted an entry on Today in Energy
Solar photovoltaic output depends on orientation, tilt, and tracking
Financial incentives, renewable portfolio standards, cost declines, and improvements in system performance have led to more customer-sited solar photovoltaic (PV) installations, especially in states like California. Because PV panels are able to capture...
2014-11-19 08:00:00

Posted an entry on Today in Energy
European residential electricity prices increasing faster than prices in United States
European residential electricity prices have historically exceeded U.S. prices, and the gap has widened in recent years. In 2013, average residential electricity rates in European Union (EU) countries were more than double rates in the United States....
2014-11-18 08:00:00

Posted an entry on Today in Energy
Crude oil and lease condensate production at highest volume since 1986
Crude oil and lease condensate production in the United States exceeded 8.6 million barrels per day (bbl/d) in August, a production volume not observed since September 1974, according to EIA's latest Petroleum Supply Monthly.
2014-11-17 08:00:00


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