Source: U.S. Energy Information Administration (EIA), based on EIA’s Monthly Energy Review and data from the U.S. Census Bureau In 2020, the U.S. net merchandise trade value of energy products—the value of petroleum, natural gas, coal, and electricity exports less the […]
Americans who rely on propane for heating are facing the most expensive winter in years as prices for the fuel jump to the highest since 2014. Propane prices have risen almost 60% so far this […]
Europe’s energy ambitions are clear: to shift to a low-carbon future by remaking its power generating and distribution systems. But the present situation is an expensive mess. A global supply crunch for natural gas, bottlenecks […]
Over the last decade, energy experts repeatedly assured policymakers around the world that increasing the use of renewables, while shutting down nuclear plants, would make energy supplies more secure, while lowering prices. To make their […]
Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic. The estimate […]
Earlier this year, as oil prices recovered from their pandemic lows and oil-producing companies miraculously stuck to their pledged production cuts, headlines were flooded with semi-alarmist speculation about painfully high gas prices coming down the […]
Oil in New York posted its second weekly gain as the impact of Hurricane Ida continues to snarl U.S. oil production, though prices edged lower Friday following a weak U.S. jobs report. West Texas Intermediate […]
Source: U.S. Energy Information Administration, State Energy Data System In 2019, the top six primary energy-producing states—Texas, Pennsylvania, Wyoming, Oklahoma, West Virginia, and North Dakota—accounted for 55 quadrillion British thermal units (quads), or 55% of all of […]
A few weeks back I wrote a story that proposed that we all quit talking about so-called “peak oil” demand since, according to various sources, the world has not yet even managed to achieve “peak coal” […]
The Permian Basin looks strong until at least 2025 despite challenges from Biden’s alternative energy push, with oil output climbing steadily after its dip during the 2020 pandemic, as companies rush to consolidate their assets […]
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