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Utilities continue to increase spending on the electric transmission system

Annual spending by major U.S. electric utilities on the U.S. electric transmission system has increased from $9.1 billion (2019 dollars) in 2000 to $40.0 billion in 2019. This spending includes investment in new transmission infrastructure as well as the operation and maintenance of existing ...

For most of 2020, China’s refineries processed more crude oil than U.S. refineries

In April 2020, more crude oil was being refined in China’s refineries than in U.S. refineries for the first month on record, and the trend continued for all remaining months in 2020 except for July and August. China processed more crude oil than the United States not only because of the ...

EIA’s AEO2021 shows growing use of batteries on the U.S. electricity grid

In the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2021 (AEO2021), EIA projects a significant number of battery energy storage systems will be added to the U.S. power grid. In the AEO2021 Reference case, which reflects current laws and regulations, 59 gigawatts (GW) ...

CO2 emissions prices in the Northeast states reached record levels in most recent auction

The most recent Regional Greenhouse Gas Initiative (RGGI) quarterly auction, held on March 3, 2021, resulted in a clearing price of $7.60 per short ton of carbon dioxide (CO2), surpassing the previous high price of $7.50 per short ton reached in December 2015. States can reinvest the proceeds from ...

U.S. LNG exports in EIA’s AEO2021 side cases vary with crude oil, natural gas prices

The U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2021 (AEO2021) projects that the volume of U.S. liquefied natural gas (LNG) exports through 2050 will span a wide range based on its published side cases. In the AEO2021 Reference case, U.S. LNG exports continue to grow ...

EIA projects U.S. jet fuel consumption won’t increase as quickly as air travel demand

U.S. air travel fell significantly in 2020 because of reduced travel in response to the worldwide COVID-19 pandemic. In its Annual Energy Outlook 2021 (AEO2021) Reference case, the U.S. Energy Information Administration (EIA) projects total U.S. passenger air travel demand will return to 2019 ...

Less electricity was generated by coal than nuclear in the United States in 2020

U.S. coal-fired electricity generated totaled 774 million megawatthours (MWh) in 2020, which is less than both natural gas-fired (1.6 billion MWh) and nuclear-powered generation (790 million MWh), according to the U.S. Energy Information Administration’s (EIA) Electric Power Monthly. Last ...

EIA expects crude oil prices to rise through April because of lower OPEC production

In its March Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects Brent crude oil prices will average $64 per barrel (b) in the second quarter of 2021 and then fall to less than $60/b through the end of 2022. Higher crude oil prices in March and April are ...

Recent completions of natural gas pipeline projects increase transportation capacity

From November 2020 through January 2021, approximately 4.4 billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity entered service, according to the U.S. Energy Information Administration’s (EIA) Natural Gas Pipeline Project Tracker. Read More... ...

Asia became the main export destination for growing U.S. LNG exports in 2020

U.S. exports of liquefied natural gas (LNG) continued to grow in 2020, averaging 6.6 billion cubic feet per day (Bcf/d) on an annual basis, according to the U.S. Energy Information Administration’s Natural Gas Monthly. LNG exports increased 1.6 Bcf/d, or 32%, compared with 2019 levels. U.S. ...

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