So far in this series, we’ve focused on global themes from the economy to governmental upheaval, and then circled back to how they’ve affected the U.S. In this final post, we’re going to focus on a recurring theme in the U.S. energy market and how this theme could affect the global market in years to come. And that theme is none other than U.S. natural gas production.
Category: Natural Gas
Last year will be remembered in the history books as the year in which people become fed up with a whole lot of governments (mostly the dictatorship kind, while there was also this). The former was likely the largest single influence on energy markets in 2012 (at least in Europe, a little less so in the U.S.). continue
Global energy markets in 2011 were plagued by something more devastating than economic malaise: nature. With weather being in the lap of the gods, and as nature takes its course, some scenarios are impossible to predict. And 2011 had its fair share of outliers. continue
Welcome back to the “Summer of Policy” series! In the first post we discussed CSAPR, and its potential impact on you and me. This time around, we’ll talk about ONGAP…and…its potential impact on you and me. continue
What do Emily, Franklin, Gert and Harvey have in common? They each appear on the National Hurricane Center’s official 2011 list of names for storms. Dennis, Katrina, Rita, Stan and Wilma have all been retired from that list because of their association with ferocious storms in the past. I think about hurricanes every year about this time, not just because I find them fascinating, but because I have lived through the havoc they can wreak on businesses, even as far away from the coastline as Louisville, Kentucky. continue
Eight months after the San Bruno, Calif., natural gas pipeline explosion killed eight people, injured dozens and left 55 homes uninhabitable, I still run across articles nearly every day regarding the ongoing investigation of Pacific Gas & Electric (PG&E) and what could have been done to avoid this tragedy. While most of these articles place an understandable and significant amount of blame on the utility, there have been a few that turn some of that blame to the California Public Utilities Commission (CPUC). continue
Another birthday and a drawer full of v-neck undershirts signal I’m ready to embrace my inner “old man.” These days I spend a lot of time complaining and talking about the way things were “back in my day,” back before gasoline was $4.07 a gallon. One day last week unleaded gas shot up 37 cents a gallon. Summit Energy commodity analyst, Matt Smith, attributed the meteoric rise to “flooding on the Mississippi, which is impacting both production and transportation of the fuel.” Matt’s right, of course, but the grumpy old man in me would rather blame it on “kids these days” or Communism. continue
As we look to the future of our energy landscape, signals increasingly seem to point to a dynamic reworking of the face of energy. Here are just a few indicators warning of markets primed to shake up conventional wisdom.
Politicians and lobbyists are increasingly focusing on energy management and energy sustainability policies. Perhaps the prominence energy played in President Barack Obama’s 2011 State of the Union address is the best indicator of the impact energy is set to have on our political, social, and economic futures.
President Obama’s energy thesis: “Instead of subsidizing yesterday’s energy, let’s invest in tomorrow’s.”
Signs had been pointing toward much of this investment going toward nuclear power. That is until the recent tsunami caused a potential nuclear plant meltdown threat in Japan. Now, voices are being raised on both sides of the debate: continue
The Energy Information Administration (EIA) takes a look at how the energy environment has evolved since 1775. The scope is a bit more than most people generally look at, but it is nonetheless interesting to see.
It’s also interesting to see these numbers in comparison to the early release of the 2011 Annual Energy Outlook (AEO2011) with consumption projections out to 2035 (Figure 1). With the recent focus of this blog on nuclear energy, it felt like a pretty good topic. As seen by the figure below, nuclear energy since around 1970 has witnessed quite a bit of growth in consumption. However, that growth has somewhat leveled out lately and is expected to continue in a level pattern through 2035. In fact, of the five sectors shown, nuclear generation is expected to witness the least amount of growth at 9.5%. Conversely, at just under 30%, hydroelectric generation is expected to see the strongest growth. continue
A quick scan of energy-related headlines last week presented an interesting perspective. Like a lesson in macro versus micro economics, the news reminded me that while long-term energy policy implications are at play in the Middle East, there are short-term infrastructure issues that challenge the supply of energy in the United States. That juxtaposition of long versus short term / global versus local concerns is not unique to this past week, but the contrapuntal headlines make it hard to miss: continue