In much of the United States, power plants that burn petroleum liquids are generally operated for short periods during times of peak electricity demand, such as during brief periods of cold winter weather. These plants maintain petroleum inventories so that they are ready to dispatch electricity when it’s needed. Petroleum plays an important role in the Northeast (defined here as New York and New England) when electricity demand is high, particularly in the winter. According to data from the U.S. Energy Information Administration (EIA), power plants in the Northeast held petroleum inventories of approximately 6.7 million barrels as of the end of September 2020, close to the average of 7 million barrels during the previous five Septembers.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
Source: U.S. Energy Information Administration, Monthly Energy Review Note: Click for full U.S. renewable energy chart. In 2020, consumption of renewable energy in the United States grew for the fifth year in a row, reaching a record high of […]
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