In 2021, U.S. energy-related carbon dioxide (CO2) emissions increased by 296 million metric tons (MMmt), or 6%, compared with 2020 levels. This increase followed a rise in economic activity and energy consumption once the initial economic impacts of the COVID-19 pandemic began to subside. Despite this increase in total emissions, in 2021, they were 274 […]
Category: Today in Energy
Natural gas consumed by U.S. electric power sector sets January record in 2022
In January 2022, natural gas consumed for electric power in the United States averaged 31.6 billion cubic feet per day (Bcf/d), the highest January average on record and the highest amount for any winter month. Natural gas consumed for electric power this past January was higher than in previous Januaries because of high demand for […]
East Coast jet fuel prices remain higher than other spot price hubs
The spot jet fuel price in New York Harbor traded at record-high levels for several weeks in April. The price has since declined, but it has remained higher than the prices at both the U.S. Gulf Coast and the Amsterdam, Rotterdam, and Antwerp (ARA) trading hubs. The high jet fuel prices coincide with record-low jet […]
U.S. ammonia prices rise in response to higher international natural gas prices
The U.S. price of ammonia, the primary source of nitrogen fertilizer, has risen by a factor of six in the past two years, and most of these increases have occurred since March 2021. Ammonia prices generally follow natural gas prices because ammonia is produced primarily from natural gas. U.S. ammonia prices closely follow international ammonia […]
In 2021, value of energy trade between the United States and Canada rose from 2020 lows
In 2021, the value of U.S. energy imports from Canada totaled $102 billion, which is 76% higher compared with 2020. The value of U.S. energy exports to Canada totaled $21.9 billion, 40% higher compared with 2020, according to data from the U.S. Census Bureau. […]
In 2021, the value of energy trade between the U.S. and Mexico reached a nine-year high
In 2021, the value of energy trade between the United States and Mexico reached a nine-year high. This energy trade value represents the combined value of energy imports and exports between the two countries. In 2021, energy accounted for 15% of the value of all U.S. exports to Mexico. The value of U.S. energy exports […]
U.S. oil producers increased capital expenditures and cash from operations in late 2021
In response to higher crude oil prices, financial results for 42 U.S. exploration and production (E&P) companies showed large increases in both cash from operations and capital expenditures in the fourth quarter of 2021 (4Q21). Cash from operations for the E&P companies reached $27.5 billion in 4Q21, the largest amount in any quarter since 3Q14. […]
About 20% of U.S. electric power generating capacity can operate on multiple fuels
As of January 2021, the United States had almost 200 gigawatts (GW) of electric generating capacity that could functionally switch fuels, or about 18% of the total 1,116 GW of utility-scale electric generating capacity. About two-thirds, or 745 GW, of all utility-scale generating capacity involved technologies that could potentially use multiple energy sources, such as […]
More than half of U.S. homes used a streaming device with their TVs in 2020
According to the most recent results from the Residential Energy Consumption Survey (RECS), 56% of U.S. homes used at least one internet streaming device with a TV in 2020—an increase from 29% in 2015. An equal percentage of U.S. homes, 56%, used at least one set-top box with a TV in 2020, which is a […]
As of 2021, China imports more liquefied natural gas than any other country
In 2021, China imported more liquefied natural gas (LNG) than any other country, according to data from Global Trade Tracker and China’s General Administration of Customs. Prior to 2021, Japan had been the world’s largest LNG importer for decades, according to data from Cedigaz. […]
