Home » Posts tagged 'energy information administration'
Tag Archives: energy information administration
Peak oil is here!
Peak oil is here! Preface. Peak oil is here! The global production of crude oil happened in November of 2018 (EIA 2020), and has declined for four years, enough time to officially declare global peak oil production. Conventional crude oil production leveled off in 2005, and peaked in 2008 at 69.5 million barrels per day (mb/d) […]
U.S. Energy Production Saw Steepest Drop On Record In 2020
U.S. Energy Production Saw Steepest Drop On Record In 2020 Due to economic responses to the pandemic, U.S. energy production dropped by 5 percent last year, marking the steepest annual decline on record, the U.S. Energy Information Administration (EIA) said on Thursday. Last year, energy production in the United States fell to just below 96 quadrillion British […]
Has oil peaked?
Has oil peaked? Last month, the world’s 4th largest oil company—BP—predicted that the world will never again consume as much petroleum as it did last year. So, have we finally hit peak oil? And if so, what does that mean for our economy and our world? There was fierce controversy in the first decade of this century […]
U.S. Oil Drilling Grinds To A Halt At Key Shale Hotspots
U.S. Oil Drilling Grinds To A Halt At Key Shale Hotspots Oil and gas production in the United States has peaked and is already in decline. The latest data from the EIA’s Drilling Productivity Report sees widespread production declines across all major shale basins in the country. The Permian is set to lose 76,000 bpd between April […]
The EIA Is Grossly Overestimating U.S. Shale
The EIA Is Grossly Overestimating U.S. Shale The prevailing wisdom that sees explosive and long-term potential for U.S. shale may rest on some faulty and overly-optimistic assumptions, according to a new report. Forecasts from the U.S. Energy Information Administration (EIA), along with those from its Paris-based counterpart, the International Energy Agency (IEA), are often cited […]
Oil Prices Spike On Shale Slowdown
Oil Prices Spike On Shale Slowdown The collapse of oil prices late last year, along with pressure from shareholders, has led to a slowdown in the U.S. shale industry. The EIA released new monthly data on March 29, which revealed a decline in output of about 90,000 bpd between December and January, evidence that shale drillers slammed […]
EIA’s Electric Power Monthly – January 2019 Edition with data for November 2018
EIA’s Electric Power Monthly – January 2019 Edition with data for November 2018 The EIA released the latest edition of their Electric Power Monthly on January 25th, with data for November 2018. The table above shows the percentage contribution of the main fuel sources to two decimal places for the last two months and the year 2018 […]
No, The U.S. Is Not A Net Exporter Of Crude Oil
No, The U.S. Is Not A Net Exporter Of Crude Oil Last week Bloomberg created quite a stir with this story: The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years. I have seen a number of follow-up stories that praised the significance of this development, but others laughed it […]
Is Gasoline Demand Really Slipping?
Is Gasoline Demand Really Slipping? Genscape’s Weekly Gasoline Demand Report data shows relatively flat growth in weekly year-on-year demand for September through November. On the other hand, the U.S. Energy Information Administration (EIA) Weekly Products Supplied data has shown year-on-year declines over the same period despite lower gasoline prices. Our data shows U.S. total motor gasoline […]
Oil Falls On Crude Inventory Build
Oil Falls On Crude Inventory Build Crude oil prices slipped further down today after the Energy Information Administration reported crude oil inventories for the week to November 23 had added 3.6 million barrels. That’s compared with a build of 4.9 million barrels a week earlier. The EIA figures came after yesterday the American Petroleum Institute reported an estimated inventory […]
U.S. Oil Production Is Set To Soar Past 12 Million Bpd
U.S. Oil Production Is Set To Soar Past 12 Million Bpd Rising shale production is putting the United States on track to hit the 12 million bpd oil production mark sooner than previously forecast, the Energy Information Administration (EIA) said in its November Short-Term Energy Outlook (STEO). Next year’s U.S. crude oil output is now […]
Peak Shale: Is the US Fracking Industry Already in Decline?
Peak Shale: Is the US Fracking Industry Already in Decline? In 2016, lower oil prices led to an overall drop in production for shale companies, which use horizontal drilling and fracking to extract oil and gas from shale formations such as the Marcellus and Permian. This was one of the few relatively positive financial periods for […]
