Today in Energy
EIA projects total U.S. energy-related CO2 emissions to be relatively flat through 2050
In the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2020 (AEO2020) Reference case, which assumes no new laws and regulations, U.S. energy-related carbon dioxide (CO2) emissions decrease through the early 2030s before increasing to 4.9 billion metric tons in 2050. If...
EIA projects generation from coal and nuclear power plants will plateau after 2025
Despite projected growth in natural gas and renewable energy use to generate electricity through 2050, in the Annual Energy Outlook 2020 (AEO2020) Reference case, the U.S. Energy Information Administration (EIA) projects that coal and nuclear power plants will collectively provide more than 25% of...
Despite the U.S. becoming a net petroleum exporter, most regions are still net importers
In November 2019, the United States exported 772,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than it imported, marking the third consecutive month in which the United States was a net petroleum exporter. Although the United States is a net petroleum exporter as a...
EIA launches redesigned International Energy Portal
The U.S. Energy Information Administration (EIA) has redesigned its International Energy Portal to streamline navigation, simplify data presentation, and implement responsive design use. EIA based many of the redesigned aspects on customer feedback about the earlier beta release of the portal. Read...
Coal-fired electricity generation in New England and New York has diminished
As many of the coal-fired power plants in New England and New York have either retired or switched fuels, the regions’ coal-fired electricity generation and coal consumption have fallen to near minimal levels. Additional closures in the coming months will further reduce coal...
U.S. crude oil and natural gas production increased in 2018, with 10% fewer wells
In 2018, while production was increasing, the total number of wells producing crude oil and natural gas in the United States fell to 982,000, down from a peak of 1,035,000 wells in 2014. This increase in production, despite the decline in the number of wells, reflects advances in technology and...
Risk of oil supply disruptions can have an immediate effect on oil prices
Crude oil supply disruptions—realized or expected—can have large and immediate effects on crude oil prices. Two recent events, the September 2019 attacks on Saudi Aramco facilities at Abqaiq and Khurais (which disrupted crude oil volumes) and the January 2020 military operations in Iraq...
EIA expects U.S. electricity generation from renewables to soon surpass nuclear and coal
In the latest long-term projections, the U.S Energy Information Administration (EIA) projects electricity generation from renewable sources such as wind and solar to surpass nuclear and coal by 2021 and to surpass natural gas in 2045. In the Annual Energy Outlook 2020 (AEO2020) Reference case, the...
EIA’s Annual Energy Outlook 2020 projects consumption growing more slowly than production
The U.S. Energy Information Administration (EIA) will release updated projections of future U.S. energy production and use in its Annual Energy Outlook 2020 (AEO2020) today at 11:00 a.m. ET. The AEO2020 Reference case, which serves as a baseline for exploring the effects of different assumptions...
U.S. biomass-based diesel tax credit renewed through 2022 in government spending bill
The U.S. government spending bill signed into law in late December 2019 included several provisions related to federal energy programs. Among these provisions was the reinstatement of a $1.00 per gallon biodiesel mixture credit, commonly referred to as the biodiesel tax credit (BTC). The BTC applies...
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