Today in Energy
Ethanol and biomass-based diesel RIN prices approaching all-time highs
The prices of renewable identification number (RIN) credits—the compliance mechanisms used for the Renewable Fuel Standard (RFS) program administered by the U.S. Environmental Protection Agency (EPA)—have been steadily rising in recent months and are approaching their highest nominal levels in the...
EIA publishes a ratio of revenues-to-costs to explain power plant additions
A supplemental report to the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2021 (AEO2021) describes how EIA uses a ratio of a power plant’s revenue to its cost (or value-cost ratio) as a simple metric to explain the economic competitiveness and, in turn, the types...
Nuclear, pumped storage, and coal power plants are more likely to have multiple owners
The U.S. Energy Information Administration (EIA) collects data on whether an electric generator is owned by one company or jointly owned by several companies, and for those jointly owned, each owner’s share of ownership. In 2019, about 14% of the 1,099 gigawatts (GW) of total operational U.S...
Extreme winter weather is disrupting energy supply and demand, particularly in Texas
Last weekend, a major winter weather system characterized by extreme cold spread across much of the central United States, disrupting energy systems and causing serious health and safety issues, particularly in Texas. At the same time that the cold weather increased energy demand, it also affected...
Annual U.S. liquefied natural gas exports forecast to exceed pipeline exports in 2022
According to the U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO), EIA forecasts that U.S. liquefied natural gas (LNG) exports will exceed natural gas exports by pipeline in the first and fourth quarters of 2021 and on an annual basis in 2022...
EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022
Throughout much of its history, the United States has imported more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it has exported. That status changed in 2020. The U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook...
Growing industrial consumption and exports support future U.S. natural gas market growth
The U.S. Energy Information Administration’s (EIA) (AEO2021) Reference case projects that growth in natural gas consumption in the United States between 2020 and 2050 will be driven by exports and industrial use; consumption growth from the other sectors will increase slowly or stay flat. In...
Utility-scale batteries and pumped storage return about 80% of the electricity they store
Electric energy storage is becoming more important to the energy industry as the share of intermittent generating technologies, such as wind and solar, in the electricity mix increases. Electric energy storage helps to meet fluctuating demand, which is why it is often paired with intermittent...
EIA’s AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s
In the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2021 (AEO2021), EIA projects that U.S. energy-related carbon dioxide (CO2) emissions will decline for most years through the mid-2030s but then begin to rise slightly from the mid-2030s through 2050. In the AEO2021 Reference...
Northeast distillate inventories have declined but remain above normal
In late June 2020, weekly distillate inventories in the Northeast United States reached 52.3 million barrels, the largest inventory since late November 2016. Since then, Northeast distillate inventories have declined to 43.7 million barrels as of the week ending January 29. Although inventories...
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