EIA Archives

Energy market outlook – what can we expect in 2024? – Watt-Logic

December 31, 2023 Stu Turley

ENB Pub Note: Excellent Summary from Watt-Logic. I would add some wild items happening in the global oil and gas markets. OPEC, and OPEC + have had a major loss of control over the oil […]

I’m not going to mince words here. By destroying America’s energy independence, the Biden Administration is directly making Black Americans more poor and less independent than ever. Since Biden's first day in office with the shutdown of the Keystone pipeline project and his ongoing war on a key pillar of our economy, we’ve all experienced skyrocketing energy costs that punish the very people he claims to care so much about. Just recently, the House Subcommittee on Energy and Mineral Resources held a legislative hearing on H.R. 5482 the Energy Poverty Prevention and Accountability Act of 2023. Introduced by Rep. Harriett Hageman R-WY, the bill seeks to prevent energy poverty in America by increasing government transparency, identifying rules and regulations that prohibit equal access to affordable and reliable energy to at risk communities including low income, minority, rural, senior citizens, and Native Americans. Energy poverty occurs when individuals and families are unable to afford basic heating, electricity, and gas needs. High energy costs and the lack of energy services negatively impact a household’s well-being and limit opportunity. At risk communities are most often disproportionately affected by energy poverty. These inflationary pressures and the terrible consequences aren’t the result of a free market at work, but overzealous policy pushed by paternalistic lawmakers who think they know what’s best for everyone with a “one size fits all approach.” I have been working to expand awareness of energy poverty in America and was invited by the subcommittee to provide witness testimony in support of bill H.R. 5482. My passion for American energy is deeply rooted in my own story, stemming from my grandfather, who was a black coal miner in Southwest Virginia, and my time serving as a brakeman for Norfolk Southern Railways, where we transported coal and other natural resources here and abroad. Since 2019, I have had the opportunity to appear before Congress six times to give testimony on energy poverty and other related issues impacting communities struggling with rising energy costs. Energy is a fixed cost for small families and large enterprises alike, and we know when the price of energy increases, so does everything else. It costs more to drive, it impacts the cost of groceries, and most critically, come winter, it costs more to heat your home. Rising energy costs are making it harder or next to impossible for Black families to make ends meet. Tragically, the pause on new oil and gas leases on Federal land, and overregulation accompanied with an aggressive green agenda by the Biden Administration has many Americans experiencing energy poverty for the first time. There is no reason anyone in our country should be without affordable energy. The U.S. is abundantly rich in natural resources, including natural gas, petroleum, and coal. America is more capable than ever of providing affordable energy to its citizens. The U.S. was energy independent in 2019 for the first time in decades, producing more energy domestically than what we consumed. This, along with a booming shale industry, helped America overtake Saudi Arabia and Russia to become the top exporter of petroleum and natural gas globally. According to the U.S. Energy Information Administration (EIA), fossil fuels accounted for 81% of energy production in 2022. Renewables reached their highest production in 2022 and only accounted for 13% of all energy production. More figures from EIA show that renewables received $15.6 billion of subsidies in fiscal year 2022, compared to $3.6 billion for fossil fuels. Per the EIA report, renewable energy industries received nearly five times as much in federal subsidies than fossil fuels despite having minimal impact. Renewable projects are also very costly. New York state law now calls for 70% of electricity come from renewables by 2030. The Alliance for Clean Energy New York (ACENY) told regulators in June, due to cost, “canceled or delayed projects would drastically derail the schedule for renewable development” and cause the state to miss its mandates under the law. Eliminating energy poverty should be a goal we all are interested in achieving. In working towards that goal, we need to be mindful of how environmental policies will impact the vulnerable communities that need our support. Radical environmentalists and the Biden Administration like to frame this as a fight against big energy, but all they are really doing is pushing Black Americans and other at-risk communities further into poverty. When the government creates policy, its priority should be the welfare of the people, especially those impacted the hardest. We need a market-oriented energy policy that will allow America to safely keep exploring and developing our own natural resources for a more secure and prosperous future for all Americans.

Republicans Hold Hearing ‘to Prevent Energy Poverty’ in America

December 22, 2023 Stu Turley

I’m not going to mince words here. By destroying America’s energy independence, the Biden Administration is directly making Black Americans more poor and less independent than ever. Since Biden’s first day in office with the […]

DAVID BLACKMON: This Agency Is Scrambling To Adjust Its Absurd ‘Peak Oil’ Predictions

December 17, 2023 Stu Turley

ENB Pub Note: David Blackmon’s articles on the Daily Caller, Forbes, and Substack are fantastic. We recommend subscribing to them all, and his Substack is HERE: https://blackmon.substack.com/. The IEA also just released their 2023 coal […]

U.S. Carbon Dioxide Emissions Expected to Decline by 3 Percent This Year

December 6, 2023 Stu Turley

IER Key Takeaways 1 Carbon Dioxide emissions are estimated to drop 3 percent this year as coal plants are idled and retired and natural gas mostly picks up the slack. 2Carbon dioxide emissions increased in […]

Natural gas is now stronger than ever in the United States power sector

December 4, 2023 Mariel Alumit

This summer, natural gas covered almost half of United States electricity demand For the very first time, on 28 August 2023, the United States met more than of half of its electricity demand from natural […]

Lower CO2 emissions are partially due to shifts in power generation sources

November 28, 2023 Mariel Alumit

We forecast the U.S. energy sector to emit about 4,790 million metric tons of carbon dioxide (CO2) in 2023, a 3% decrease from 2022. Much of this decline results from lower electricity generation from coal-fired […]

Gas infrastructure needs to be ready for clean hydrogen

November 18, 2023 Mariel Alumit

Oil Price As green hydrogen becomes an ever more important clean energy source, governments and energy companies must prepare for a steep incline in production in the coming years and ensure they have the correct […]

Less than one-third of U.S. commercial buildings were all-electric in 2018

November 16, 2023 Mariel Alumit

November 16, 2023 Data source: U.S. Energy Information Administration, Commercial Buildings Energy Consumption Survey (CBECS) Note: All-electric includes buildings that consumed only electricity for all end uses except electricity generation. Fewer than one-third of U.S. […]

Global natural gas market well supplied for winter, but risks remain, EIA analysis finds

November 14, 2023 Mariel Alumit

November 14, 2023 Data source: U.S. Energy Information Administration Relatively full natural gas inventories in the United States and Europe and expanded global liquefied natural gas (LNG) export and import capacity have improved the likelihood […]

EIA expects U.S. annual solar electricity generation to surpass hydropower in 2024

November 7, 2023 Mariel Alumit

November 7, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) We forecast that the United States will generate 14% more electricity from solar energy than from hydroelectric facilities in 2024, according to […]