MRCTI


Posted an entry on Today in Energy
Natural gas prices drop following strong production growth
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...
2015-02-03 08:00:00

Posted an entry on Today in Energy
Hawaii?s electric system is changing with rooftop solar growth and new utility ownership
In December, NextEra Energy Inc. announced an agreement to acquire Hawaiian Electric Industries Inc., owner of three electric utilities that together supply power to 95% of Hawaii's population. The Hawaiian Electric utilities' solar PV programs continue...
2015-01-27 08:00:00

Posted an entry on Today in Energy
Lower 48 oil production outlook stable despite expected near-term reduction in rig count
The sharp decline in oil prices over the last quarter of 2014, which has continued in January, is already having a significant effect on drilling activity in the United States, as shown by the 16% decline in the number of active onshore drilling rigs in...
2015-01-26 08:00:00

Posted an entry on Today in Energy
Currency depreciation against the dollar affects oil importers and exporters differently
Widely traded futures contracts for North Sea Brent crude oil in global financial markets are typically priced in U.S. dollars (USD). The appreciation, or increase in value, of USD against most other currencies since last summer can either mitigate or...
2015-01-23 08:00:00

Posted an entry on Today in Energy
Northern Maine considers options to gain direct access to New England electric grid
Northern Maine is a unique power market: Unlike any other part of the Lower 48 states, this region is connected to one of the 3 main power grids serving the United States and Canada only via transmission lines that run through Canada. Currently, grid...
2015-01-22 08:00:00

Posted an entry on Today in Energy
NERC assessment examines winter power system reliability, fuel diversity
The North American Electric Reliability Corporation's (NERC) recently released 2014-15 Winter Reliability Assessment finds that all assessment areas have enough capacity resources to meet normal winter peak electricity demand. However, NERC highlights...
2015-01-20 08:00:00

Posted an entry on Today in Energy
Regional differences in China's vehicle adoption reflect differences in income
Oil demand and imports in China have increased significantly as private passenger vehicle sales and use have increased. Sales of private passenger vehicles have grown by 29% annually over the past 13 years, which has increased gasoline consumption in...
2015-01-16 08:00:00

Posted an entry on Today in Energy
Regional refinery trends evolve to accommodate increased domestic crude oil production
Recent rapid growth in U.S. production of light tight oil has raised interest in understanding how U.S. refineries, many of which are configured to process heavier crude oil, might accommodate increased volumes of domestic light crude. The U.S. refinery...
2015-01-15 08:00:00

Posted an entry on Today in Energy
Market expectations of oil price uncertainty have increased in recent months
December was the sixth consecutive month in which monthly average Brent crude oil prices decreased, falling $17/barrel (bbl) from November to a monthly average of $62/bbl, the lowest since May 2009. The December price decline, and its continuation into...
2015-01-14 08:00:00

Posted an entry on Today in Energy
Wholesale power prices increase across the country in 2014
Wholesale on-peak electricity prices were up at trading hubs across the nation between 2013 and 2014, driven largely by increases in spot natural gas prices and high energy demand caused by cold weather in the beginning of the year.
2015-01-12 08:00:00

Posted an entry on Today in Energy
Presalt oil and natural gas provide an increasing share of Brazil's production
In 2013, Brazil produced 2.0 million bbl/d of crude oil and nearly one Tcf of gross natural gas. The share of this production from presalt resources found under thick layers of salt thousands of feet below the ocean's surface is small, but continues to...
2015-01-09 08:00:00

Posted an entry on Today in Energy
U.S. gasoline prices end 2014 at lowest levels since mid-May 2009
Across the country, retail prices for regular grade gasoline reached the lowest levels in four years due primarily to falling crude prices in the second half of 2014. As of December 12, the weekly retail price for regular gasoline in each city for which...
2015-01-07 08:00:00

Posted an entry on Today in Energy
Energy had larger price declines than most nonenergy commodities in 2014
The first eight months of 2014 were much like 2013, as energy commodities remained in a relatively stable price range. During the last four months of 2014, however, crude oil and petroleum product prices fell dramatically, and ended the year with the...
2015-01-05 08:00:00

Posted an entry on Today in Energy
Power sector employment declines, except for renewable electricity generators
The electric power generation sector lost more than 5,800 jobs from January 2011 through June 2014 despite a gain of nearly 1,800 non-hydro renewable electricity generation jobs, according to the latest data available from the Bureau of Labor Statistics...
2014-12-19 08:00:00

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


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