(Thu, 25 Jan 2018) In its latest <em>Short-Term Energy Outlook</em> (STEO), EIA expects the Henry Hub natural gas spot price to average $2.88 per million British thermal units (MMBtu) in 2018 and $2.92/MMBtu in 2019, slightly lower than the 2017 average of $2.99/MMBtu. Lower prices in 2018 and 2019 reflect EIAâs expectation of increased natural gas production and relatively flat consumption.
(Wed, 24 Jan 2018) As one of the first technologies used to generate electricity, hydroelectric power has historically provided the largest share of renewable electricity generation in the United States. However, this year EIA expects wind power to surpass hydroelectricity, based on forecasts in the latest <em>Short-Term Energy Outlook</em>.
(Tue, 23 Jan 2018) The bomb cyclone weather event in early January 2018 resulted in record levels of U.S. natural gas demand and elevated wholesale natural gas and power prices around the country as reported in a special EIA analysis.
For the residents of the surrounding region, the production of gas from the Dutch Groningen field has turned into a never-ending nightmare, with the continued threat of serious earthquakes creating a climate of fear.
More mergers and acquisitions could be in store for the oil patch in 2018, experts say, boosted by oil prices at levels not seen in 30 months and a flurry of available acreage as companies focus on their very best plays.
(Mon, 22 Jan 2018) EIAâs January 2018 <em>Short-Term Energy Outlook</em> (STEO) forecasts that natural gas will remain the primary source of U.S. electricity generation for at least the next two years. The share of total electricity supplied by natural gas-fired power plants is expected to average 33% in 2018 and 34% in 2019, up from 32% in 2017.
(Fri, 19 Jan 2018) Montana experienced exceptionally hot and dry conditions last summer, which resulted in wildfires and a flash drought—an unpredictable drought that intensified very quickly. As a result, the hydropower share of the stateâs electricity generation dropped below normal levels.
(Thu, 18 Jan 2018) In its January 2018 <em>Short-Term Energy Outlook</em> (STEO), EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units (Btu) in 2018, the highest level of production on record. EIA expects total fossil fuel production to then set another record in 2019, with production forecast to rise to 75 quadrillion Btu
(Wed, 17 Jan 2018) Wholesale electricity prices at major trading hubs in the eastern United States during 2017 were relatively unchanged from 2016, while average monthly wholesale prices in California and Texas increased by 18% and 27%, respectively, in 2017.
(Tue, 16 Jan 2018) In 2017, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $3.01 per million British thermal units (MMBtu), about 50 cents per MMBtu higher than in 2016. The higher prices in 2017 contributed to less natural gas consumption for power generation. Increased domestic production was offset by increased exports of natural gas by pipeline and liquefied natural gas (LNG) cargoes.
