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Shale gas – a possible game changer in the global energy mix
In the United States, hydraulic fracturing, a recently developed method of shale gas procurement, has the potential to flip the country from a net importer of natural gas to a net exporter. Shale gas now accounts for one quarter of all U.S. gas production, and the Energy Information Administration (EIA) forecasts that this proportion will double by 2035.
read more... 23/11/2011
EIA Report: major oil hike by 2035
According to the US Energy Information Administration released report on Monday, oil production will increase by around 27 million barrels a day and demand will climb to 1.122 million barrels/day by 2035, 1.4% higher than previously expected.
read more... 20/09/2011
EIA raises 2011 natural gas production forecast
The US Energy Information Administration (EIA) in the recent released Short-Term Energy Outlook raised its forecast for domestic natural gas production for 2011, expecting total production to soar 6.4% from 2010 levels.
read more... 08/09/2011
U.S. renewable energy output exceeds nuclear
The latest “Montly Energy Review” published by the U.S. Energy Information Administration (EIA) showed that during the first quarter of 2011, renewable energy production in United States exceeded nuclear production.
read more... 11/07/2011
Daily energy Overview, Thursday, May, 12, 2011
U.S. oil futures continued to drop after the EIA data, trading at $100.61 a barrel, down $3.27, by 14:40 GMT. U.S. crude oil and gasoline stocks increased last week while stockpiles of the motor fuel increased for the first time over the last 12 weeks on lower demand versus last year, according to EIA weekly data released on Wednesday. Domestic crude stocks increased by 3.78 million barrel in the week to May 6 to 370.33 million barrel. Gasoline inventories increased 1.28 million barrels to 205.82 million barrels, while distillate stocks decreased by 843,000 barrels to 144.29 million barrels.
read more... 12/05/2011