Energy Efficiency s Role in Getting America Out of Its Energy Straightjacket
|
|
- Joshua Jefferson
- 8 years ago
- Views:
Transcription
1 Energy Efficiency s Role in Getting America Out of Its Energy Straightjacket R. Neal Elliott, Ph.D., P.E. Industrial Program Director ACEEE
2 Jan-06 Industrial Energy Prices Energy Price ($/MBtu) Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Electricity Fuel Oil Natural Gas Coal Source: EIA 2005
3 Interaction Between Energy Markets Fuel switching mean oil and gas linked NatGas likely to become more of a global market Coal Supplies tighten NatGas increasingly the marginal fuel for electricity, putting pressure on electric prices Electricity prices will be driven up by fuel prices and increased demand
4 The Energy Straightjacket No current supply limitations rather deliverability limitations Demand surging in all energy markets Oil markets constrained by refining Coal markets constrained by mining and rail capacity Electricity constrained by available fuel Limited fuel switching options
5 Natural Gas Markets Lower 48 Gas Production vs. Deliverability (Bcf per day) Source: EEA 2005
6 Coal Markets Tightening Coal demand up on high gas prices Industrial consolidation reduced spare capacity need major new investments Rail capacity limited shortage of rail cars Later winter 2005 storms damaged western rail lines
7 Source: EIA 2005 Coal Production Flat
8 Coal Markets Tightening 300, , Supply (Days) 200, , , Coal (Thousand Short Tons) 50, Mar-02 Jun-02 Sep-02 Dec-02 Mar-03 Jun-03 Sep-03 Dec-03 Mar-04 Jun-04 Sep-04 Dec-04 Mar-05 Jun-05 Sep-05 Quarterly Consumption Quarter-End Stocks Days Supply Source: ACEEE from EIA Data 2006
9 Coal Stocks at Electric Power Plants Source: EIA 2006
10 Average Weekly Coal Spot Prices Source: Platts Coal Outlook 2005
11 Oil Markets Tight Crude Production Near Capacity Refined Products Very Tight Limited Refining means Competition between Refined Products Gasoline and Distillate Markets Vulnerable to Disruptions Storms, instability, terrorism Global Price Driven by Increasing Demand in U.S., China and India Thunder Horse
12 20,000 19,000 18,000 17,000 16,000 15,000 14,000 13,000 12,000 11,000 10,000 Source: EIA 2006 Refining Capacity vs. Production Katrina & Rita Gross Input Operable Capacity Jan-85 Jan-87 Jan-89 Jan-91 Jan-93 Jan-95 Jan-97 Jan-99 Jan-01 Jan-03 Jan-05 Thousand Barrels Per Day Jan-81 Jan-83
13 The Weather Wild Card Extreme weather affects production of oil, gas and coal Late winter snows disrupted western coal Hurricanes disrupted both production and processing Extreme weather increases demand 3 cool summer and 4 warm winters Summer 2005 ~4% above normal, but >75% warmer than 2004 We have had a warm fall, cold December, and warm January
14 Impacts on Oil & Gas Production 1,800,000 10,000 1,600,000 Katrina Rit 9,000 Shut in Oil Production (bpd) 1,400,000 1,200,000 1,000, , , ,000 Ivan Wilma 8,000 7,000 6,000 5,000 4,000 3,000 2,000 Shut in Gas Production (MMcf/d) 200,000 1, Days since evacuation Source: DOI Minerals Management Service
15 Source: EIA 2006 Natural Gas Storage
16 Role for Energy Efficiency Supply solutions take years to come to market If modest increases in demand produced large price increases, then small decreases should produce large price reductions Efficiency energy can produce savings in both the near-term and longer-term
17 Impact of Energy Efficiency on Henry Hub Natural Gas Pricing EEA May 2004 National EE only Midwest EE only Historic NatGas Price ($/MMcf) Source: EEA 2004 and ACEEE 2005
18 Gas Consumption Reductions from Energy Efficiency 1,000, ,000 0 NatGas Savings (MMcf) -500,000-1,000,000-1,500,000-2,000,000-2,500,000-3,000,000 POWER GENERATION GAS DEMAND INDUSTRIAL GAS DEMAND COMMERCIAL GAS DEMAND RESIDENTIAL GAS DEMAND Source: ACEEE 2005
19 Conclusions We can do something about high energy prices encourage energy efficiency Only viable near-term options supply options will take 2-7 years Electric efficiency critical because of expanded natural gas generation National decision makers need to lead NOW consumers are motivated but need direction Sooner we start the sooner states will see benefits
20 Contact Information R. Neal Elliott, Ph.D., P.E. Industrial Program Director ACEEE 1001 Conn. Ave, NW, Suite 801 Washington, DC For more information and updates on Natural Gas and Energy Efficiency visit:
Role of Energy Efficiency in Rebalancing Natural Gas Markets
Role of Energy Efficiency in Rebalancing Natural Gas Markets R. Neal Elliott, Ph.D., P.E. Industrial Program Director ACEEE Washington, D.C. July 26, 2005 The American Council for an Energy Efficient Economy
More informationNatural Gas Markets in 2006
Order Code RL33714 Natural Gas Markets in 2006 Updated December 12, 2006 Robert Pirog Specialist in Energy Economics and Policy Resources, Science, and Industry Division Natural Gas Markets in 2006 Summary
More informationNatural Gas Year-In-Review 2006
Natural Gas Year-In-Review 2 This report provides an overview of the natural gas industry and markets in 2 with special focus on the first complete set of supply and disposition data for 2 from the Energy
More informationNatural Gas: Winter 2012-13 Abundance! and Some Confusion
Natural Gas: Winter 2012-13 Abundance! and Some Confusion NASEO Winter Fuels Outlook Washington, D.C. October 10, 2012 Bruce B. Henning Vice President, Energy Regulatory and Market Analysis BHenning@icfi.com
More informationState Heating Oil & Propane Program Final Report Winter 2004/2005
Commonwealth of Massachusetts Division of Energy Resources State Heating Oil & Propane Program Final Report Winter 2004/2005 May 2005 Mitt Romney Governor Kerry Healey Lt. Governor Beth Lindstrom Director,
More informationNATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS
I. Summary NATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS This brief white paper on natural gas prices is intended to discuss the continued and sustained level of natural gas prices at overall higher levels.
More informationCRS Report for Congress
Order Code RL33124 CRS Report for Congress Received through the CRS Web Oil and Gas Disruption From Hurricanes Katrina and Rita October 21, 2005 Lawrence Kumins and Robert Bamberger Specialists in Energy
More informationOil Markets into 2006. Peter Davies Chief Economist, BP plc British Institute of Energy Economics London. 24 January, 2006
Oil Markets into 26 Peter Davies Chief Economist, BP plc British Institute of Energy Economics London. 24 January, 26 Outline Oil and energy today How did we get to here? Prospects for 26 Into the medium
More informationCONNECTICUT ENERGY PRICE REPORT
CONNECTICUT ENERGY PRICE REPORT 1/15/2015 DENOTES FALLING PRICES COMPARED TO YEAR EARLIER DENOTES FLAT PRICES COMPARED TO YEAR EARLIER DENOTES RISING PRICES COMPARED TO YEAR EARLIER CONNECTICUT RETAIL
More informationPETROLEUM WATCH September 16, 2011 Fossil Fuels Office Fuels and Transportation Division California Energy Commission
PETROLEUM WATCH September 16, 2011 Fossil Fuels Office Fuels and Transportation Division California Energy Commission Summary As of September 14, retail regular-grade gasoline prices in California increased
More informationFinancial News for Major Energy Companies Second Quarter 2005
Financial News for Major Energy Companies Second Quarter 2005 The "Financial News for Major Energy Companies" is issued quarterly to report recent trends in the financial performance of the major energy
More informationLed by growth in Texas, the Southeast, and Northeast, power burn is headed for a January record
EIA - Natural Gas Weekly Update for week ending January 28, 2015 Release Date: January 29, 2015 Next Release: February 5, 2015 In the News: Led by growth in Texas, the Southeast, and Northeast, power burn
More informationWhat drives crude oil prices?
What drives crude oil prices? An analysis of 7 factors that influence oil markets, with chart data updated monthly and quarterly Washington, DC U.S. Energy Information Administration Independent Statistics
More informationNatural Gas / Electricity and the Industrial Sector. The Dismantling of US Manufacturing
Natural Gas / Electricity and the Industrial Sector The Dismantling of US Manufacturing Paul Cicio President Industrial Energy Consumers of America August, 2007 Who Are Energy Price Sensitive Industries?
More informationBox 6 International Oil Prices: 2002-03
Annual Report 2002-03 International Oil Prices: 2002-03 Box 6 International Oil Prices: 2002-03 Notwithstanding the state of the world economy, characterised by sluggish growth in 2002, the world crude
More informationNorth American Freight Rail Industry. Transportation Research Board Washington, DC March 14, 2014
North American Freight Rail Industry Transportation Research Board Washington, DC March 14, 2014 Railroads Help Keep Coal- Based Electricity BNSF CN CP CSX FXE KCS/KCSM NS UP Other RRs Freight Railroads
More informationFinancial News for Major Energy Companies Third Quarter 2005
Financial News for Major Energy Companies Third Quarter 2005 The "Financial News for Major Energy Companies" is issued quarterly to report recent trends in the financial performance of the major energy
More informationPREPARED FOR THE OAK RIDGE NATIONAL LABORATORY
NATURAL GAS AND ENERGY PRICE VOLATILITY PREPARED FOR THE OAK RIDGE NATIONAL LABORATORY BY THE 400 NORTH CAPITOL STREET, NW WASHINGTON, DC 20001 PRINCIPAL AUTHORS: BRUCE HENNING, MICHAEL SLOAN, MARIA DE
More informationCommodity Price Outlook & Risks
Commodity Outlook & Risks Research Department, Commodities Team January, 2 www.imf.org/commodities commodities@imf.org This monthly report presents a price outlook and risk assessment for selected commodities
More informationCRS Report for Congress
Order Code RS22233 Updated October 3, 2005 CRS Report for Congress Received through the CRS Web Oil and Gas: Supply Issues After Katrina and Rita Robert L. Bamberger and Lawrence Kumins Resources, Science,
More information(c) 2006-2014 Gary R. Evans. May be used for non-profit educational purposes only without permission of the author.
The futures markets Introduction and Mechanics, using Natural Gas as the example (c) 2006-2014 Gary R. Evans. May be used for non-profit educational purposes only without permission of the author. Forward
More informationKeeping Our Options Open: Markets for Canadian Crude and the Pipeline Dilemma
Keeping Our Options Open: Markets for Canadian Crude and the Pipeline Dilemma Trisha Curtis, Research Analyst Energy Policy Research Foundation, Inc. (EPRINC) CERI Oil Conference 2012 April 23 rd, 2012
More informationOutlook for the North American and Ontario Gas Markets
Outlook for the North American and Ontario Gas Markets Union Gas Customer Meeting London, Ontario June 5, 2014 Presented by: Frank Brock Senior Energy Market Specialist ICF International Frank.Brock@ICFI.COM
More informationResidential Heating Oil Prices: What Consumers Should know
Residential Heating Oil Prices: What Consumers Should know Introduction Heating oil is a petroleum product used by many Americans to heat their homes. Historically, heating oil prices have fluctuated from
More informationNatural Gas Pipeline and Storage Infrastructure Projections Through 2030
Natural Gas Pipeline and Storage Infrastructure Projections Through 2030 October 20, 2009 Submitted to: The INGAA Foundation, Inc. 10 G Street NE Suite 700 Washington, DC 20002 Submitted by: ICF International
More informationThe Fuel and Vehicle Trends Report January 31, 2014
ISSN 1948-2388 The Fuel and Vehicle Trends Report This report is a summary of the latest fuel prices and other oil industry key statistics. In addition, this report provides the latest trends in vehicle
More informationElectric Market National Overview
Electric Market Overview Electric Market National Overview 1122 Electric Market Overview: Generation Output and Temperatures Page 2 of 8 Weekly U.S. Electric Generation Output and Temperatures Electric
More informationEconomic Update as of June 30, 2016
MACRO Report: Review of Wyoming s Economy Economic Update as of June 30, The MACRO Report is a quarterly publication comprised of charts focusing on energy, employment, state revenues, and other indicators
More informationEnergy Ventures Analysis 1901 N. Moore St. Arlington, VA 22209 (703) 276 8900
T H E I M P A C T O F E A R L Y C O A L R E T I R E M E N T S O N K E Y P O W E R M A R K E T S ISO = 46.6% Prepared for: National Mining Association Washington, DC Northwest = 41.3% MISO = 36.8% NYISO
More informationMcDep Energy Income Producers A Weekly Analysis of Royalty Trusts and Master Limited Partnerships February 10, 2004.
Trusts as Futures Summary and Recommendation Recommended royalty trusts offer an alternative to futures contracts for investors looking for long-term growth in oil and gas commodity value or for protection
More informationGlobal Energy Dynamics: Outlook for the Future. Dr Fatih Birol Chief Economist, IEA 18 June 2014
Global Energy Dynamics: Outlook for the Future Dr Fatih Birol Chief Economist, IEA 18 June 2014 The world energy scene today Some long held tenets of the energy sector are being rewritten Countries are
More informationFCStone Grain Recap January 6, 2016
CORN: CH16 made new contract lows but were unable to hold below unchanged into the close. Weekly ethanol production marginally higher this week, up 4 thbpd to 996. Ethanol stocks built again reaching 21099
More informationYara International ASA Third Quarter results 2012
Yara International ASA Third Quarter results 212 19 October 212 1 Summary third quarter Strong results and cash flow Yara-produced NPK deliveries up 1% Strong production increase Cautious start to European
More informationCauses and Consequences of the Decline in the Price of Oil since June 2014
Causes and Consequences of the Decline in the Price of Oil since June 2014 Christiane Baumeister Lutz Kilian University of Notre Dame University of Michigan CEPR Brent Price of Crude Oil in 2013 and 2014
More information10 Myths and Realities of Natural Gas and Electricity Purchasing
6 Strategic Planning for Energy and the Environment 10 Myths and Realities of Natural Gas and Electricity Purchasing Craig Schultz, President Energy Buying Strategies, Inc. ABSTRACT In deregulated natural
More informationVolatility, risk and risk premium in German and Continental power markets
Volatility, risk and risk premium in German and Continental power markets Stefan Judisch / Andree Stracke RWE Supply & Trading GmbH 22 nd January 2015 RWE Supply & Trading PAGE 0 Agenda 1. What are the
More informationWhy clean transportation alternatives are still needed to promote world-wide economic growth (the Oil Problem is not going away)
Why clean transportation alternatives are still needed to promote world-wide economic growth (the Oil Problem is not going away) Carmine Difiglio, Ph.D. U.S. Department of Energy Transportation Research
More informationJournal of Business Valuation and Economic Loss Analysis
Journal of Business Valuation and Economic Loss Analysis Volume 4, Issue 2 2009 Article 3 HURRICANE KATRINA AND ECONOMIC LOSS Petroleum-Refining Industry Business Interruption Losses due to Hurricane Katrina
More informationUnderstanding. Natural Gas Markets
Understanding Natural Gas Markets Table of Contents Overview 1 The North American Natural Gas Marketplace 3 Understanding Natural Gas Markets Natural Gas Demand 9 Natural Gas Supply 12 Summary 25 Glossary
More informationModeling the US Natural Gas Network
Modeling the US Natural Gas Network James Ellison Sandia National Laboratories, Critical Infrastructure Modeling and Simulation Group Abstract In order to better understand how the US natural gas network
More informationProducer Hedging the Production of Heavy Crude Oil
Producer Hedging the Production of Heavy Crude Oil An oil producer sells its future production of heavy crude oil to a customer at an agreed-upon price today. The producer seeks to lock-in this price to
More informationPresentation to the Staff Subcommittee on Gas 2010 NARUC Winter Committee Meetings Washington, D.C. February 14, 2010
Presentation to the Staff Subcommittee on Gas 2010 NARUC Winter Committee Meetings Washington, D.C. February 14, 2010 CenterPoint Energy, Inc. promotes the direct use of natural gas through energy efficiency
More informationYou may be interested.
You may be interested. PIRINC has prepared the enclosed report, Energy Supply Risks: Perspectives in Light of Venezuelan Developments Until very recently, all discussion of energy supply risks has been
More informationSARAS Preliminary FY 2015 and Q4 2015 results
SARAS Preliminary FY 2015 and Q4 2015 results 29 th February 2016 29 Feb 2016 Saras SpA 1 AGENDA Highlights Segments Review Financials Outlook & Strategy Additional Information DISCLAIMER Certain statements
More informationRoom XXVI Palais des Nations Geneva, Switzerland. Oil Market Outlook. Eissa B. Alzerma Oil Price Analyst Petroleum Studies Department, OPEC
UNCTAD Multi-Year Expert Meeting on Commodities and Development 2013 Recent developments and new challenges in commodity markets, and policy options for commodity-based inclusive growth and sustainable
More informationAOBA Utility Committee
AOBA Utility Committee Energy Markets in Tailspin Major Economic Recession Continues to Pull Energy Prices Downward Where Will It End? Presented By Bruce R. Oliver President, Revilo Hill Associates, Inc.
More informationAnd Then There Was Abundance: Examining Natural Gas in 2012. Bruce McDowell Director, Policy Analysis American Gas Association bmcdowell@aga.
And Then There Was Abundance: Examining Natural Gas in 2012 Bruce McDowell Director, Policy Analysis American Gas Association bmcdowell@aga.org NOTICE: In issuing and making this presentation and publication
More informationLuke Saban, Peregrine Midstream Partners. Gas Storage Strategies Financing new asset development and expansion
Luke Saban, Peregrine Midstream Partners Gas Storage Strategies Financing new asset development and expansion How are developers raising capital for new asset construction: Good projects with contracted
More informationPETROBRAS ARGENTINA S.A.
PETROBRAS ARGENTINA S.A. First Quarter 2014 Results Buenos Aires, April 25, 2014 Petrobras Argentina S.A. (Buenos Aires: PESA NYSE: PZE) announces the results for the first quarter ended March 31, 2014.
More informationGAO. NATURAL GAS Factors Affecting Prices and Potential Impacts on Consumers
GAO For Release on Delivery Expected at 8:30 a.m. CST Monday, February 13, 2006 United States Government Accountability Office Testimony Before the Permanent Subcommittee on Investigations, Committee on
More informationWhat s Up With. Gasoline Prices? America s Oil and Natural Gas Industry. February 2015. For the latest report, please visit www.api.
What s Up With Gasoline Prices? America s Oil and Natural Gas Industry February 2015 For the latest report, please visit www.api.org/gasolineprices Table of Contents Gasoline, Diesel and Crude Oil Prices...Page
More informationShort-Term Energy Outlook Market Prices and Uncertainty Report
July 2014 Short-Term Energy Outlook Market Prices and Uncertainty Report Crude Oil Prices: After an upward move in mid-june, crude oil prices retreated close to previous levels. The North Sea Brent front
More informationShort-Term Energy Outlook Market Prices and Uncertainty Report
February 2016 Short-Term Energy Outlook Market Prices and Uncertainty Report Crude Oil Prices: The North Sea Brent front month futures price settled at $34.46/b on February 4 $2.76 per barrel (b) below
More informationOIL MARKETS AND THEIR ANALYSIS IEA ENERGY TRAINING WEEK PARIS, APRIL 2013
OIL MARKETS AND THEIR ANALYSIS IEA ENERGY TRAINING WEEK PARIS, APRIL 2013 A (VERY) BRIEF OVERVIEW OF THE OIL INDUSTRY End consumers buy refined products (eg gasoline / diesel) Refineries buy crude oil
More informationSTEO Supplement: Why are oil prices so high?
STEO Supplement: Why are oil prices so high? During most of the 1990s, the West Texas Intermediate (WTI) crude oil price averaged close to $20 per barrel, before plunging to almost $10 per barrel in late
More information(c) 2006-2014 Gary R. Evans. May be used for non-profit educational purposes only without permission of the author.
The futures markets Introduction and Mechanics (c) 2006-2014 Gary R. Evans. May be used for non-profit educational purposes only without permission of the author. Forward contracts... Forward contracts
More informationYara International ASA Fourth quarter results 2011. 7 February 2012
Yara International ASA Fourth quarter results 211 7 February 212 1 Summary fourth quarter Strong quarter and best full-year results so far Good farm profitability drove improved margins, more than offsetting
More informationFalling Oil Prices and US Economic Activity: Implications for the Future
Date Issue Brief # I S S U E B R I E F Falling Oil Prices and US Economic Activity: Implications for the Future Stephen P.A. Brown December 2014 Issue Brief 14-06 Resources for the Future Resources for
More informationYara International ASA Second quarter results 2014
Yara International ASA Second quarter results 214 18 July 214 1 Summary second quarter Strong result Lower nitrate deliveries amid early end to season in Europe Continued strong NPK deliveries and value-added
More informationNATion and north carolina
Energy Challenges for the NATion and north carolina NOIA s mission is to secure reliable access to the nation s valuable offshore energy resources in order that they may be developed, produced and supplied
More informationFSC S LAW & ECONOMICS INSIGHTS
FSC S LAW & ECONOMICS INSIGHTS Issue 04-4 Fisher, Sheehan & Colton, Public Finance and General Economics July/August 2004 IN THIS ISSUE High Winter Natural Gas Heating Costs for Poor NOTE TO READERS ON-LINE
More informationOil and Gas U.S. Industry Outlook
Oil and Gas U.S. Industry Outlook VERSION 01 YEAR 13 OUTLOOK: Positive fundamentals & outlook www.eulerhermes.us Key points WTI Crude is expected to continue to converge to Brent crude prices, narrowing
More informationState of the Oil Markets?
State of the Oil Markets? U.S. and Global Refining Prospects John R. Auers, P.E. Executive Vice President Washington DC February 17, 2016 U.S. Refining is YUGE! 2 What Determines Refining Winners? Refined
More informationThe Changing Relationship Between the Price of Crude Oil and the Price At the Pump
In 2007, what goes up, does not necessarily come down... May 3, 2007 The Changing Relationship Between the Price of Crude Oil and the Price At the Pump Prepared by: Tim Hamilton Petroleum Industry Consultant
More informationApril Gross Receipts Show Impact of Low Oil and Gas Prices
OKLAHOMA STATE TREASURER KEN MILLER For Immediate Release: May 5, 2015 April Gross Receipts Show Impact of Low Oil and Gas Prices OKLAHOMA CITY Oklahoma s April Gross Receipts to the Treasury report shows
More informationEnergy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory
Energy Projections 2006 2030 Price and Policy Considerations Dr. Randy Hudson Oak Ridge National Laboratory There is perhaps no single current topic so potentially impacting to all life on this planet
More informationCERI Commodity Report Natural Gas
January 1 CERI Commodity Report Natural Gas Turm-oil in Natural Gas Markets Paul Kralovic On December 3, 15 the daily spot price at Henry Hub dropped to US$1.3 per MMBtu, its lowest point since December
More informationAdjusted Estimates of Texas Natural Gas Production
Adjusted Estimates of Texas Natural Gas Production Background The Energy Information Administration (EIA) is adjusting its estimates of natural gas production in Texas for 2004 and 2005 to correctly account
More informationAdding fuel to the fire North America s hydrocarbon boom is changing everything. Steven Meersman. Roland Rechtsteiner
Adding fuel to the fire North America s hydrocarbon boom is changing everything Steven Meersman Mark Pellerin Roland Rechtsteiner What if the gasoline that you put in your car came from natural gas instead
More informationGulf Natural Gas Region
Gulf Gas Market: Overview and Focal Points Page 1 of 15 Gulf Natural Gas Region Colonial Gas Mainline TX NGPL TXOK Carthage LA Waha Tennessee Zone 0 Katy Freeport Cameron Sabine Pass Henry Texas Eastern
More informationWorld Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency
World Energy Outlook 27: China and India Insights www.worldenergyoutlook.org International Energy Agency Why Focus on China & India? Increase in World Primary Energy Demand, Imports & Energy-Related CO
More informationPETROBRAS ARGENTINA S.A.
PETROBRAS ARGENTINA S.A. Second Quarter 2014 Results Buenos Aires, August 5, 2014 Petrobras Argentina S.A. (Buenos Aires: PESA NYSE: PZE) announces the results for the second quarter ended June 30, 2014.
More informationOil Markets Update- October 2015
SICO Research November 23, - October Crude prices remain low in October led by oversupply and weak economic indicators October has been a volatile month for crude prices; Brent reached USD 53.05/bbl in
More informationThe Central Role of Energy Efficiency in the Energy Outlook and EIA s Energy Data Program
The Central Role of Energy Efficiency in the Energy Outlook and EIA s Energy Data Program For MIT Energy Initiative Symposium May 12, 2014 Cambridge, MA By Howard Gruenspecht, Deputy Administrator U.S.
More informationOGA Marketer Meeting. Presented by Scott White
OGA Marketer Meeting Presented by Scott White 1 AGENDA Brief overview of IGS Energy US Energy and Natural Gas Market Opportunities Questions 2 Who is IGS Energy? A brief overview We are not in the Blimp
More informationOil and Gas Prices. Oil and Gas Investor Summit London 17th-18th June 2014
Oil and Gas Prices Oil and Gas Investor Summit London 17th-18th June 2014 Oil Price Drowning in oil Economist, March 1999 $10 oil might actually be too optimistic. We may be heading for $5. Crude touches
More informationCOMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun
More informationCOMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun
More informationAn Analysis of Spot and Futures Prices for Natural Gas: The Roles of Economic Fundamentals, Market Structure, Speculation, and Manipulation
An Analysis of Spot and Futures Prices for Natural Gas: The Roles of Economic Fundamentals, Market Structure, Speculation, and Manipulation Robert J. Shapiro and Nam D. Pham August 2006 S O N E C O N An
More informationMarket will worry about demand later Weekly Corn Review for May 11, 2016 By Bryce Knorr
Market will worry about demand later Weekly Corn Review for May 11, 2016 By Bryce Knorr USDA didn t do much to help the corn market in its May 10 reports other than give soybeans a big lift. That could
More informationU.S. Energy Outlook. Oil and Gas Strategies Summit May 21, 2014 New York, NY. By Adam Sieminski, EIA Administrator
U.S. Energy Outlook May 21, 214 New York, NY By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov The U.S. has experienced a rapid increase
More informationNortheast Propane Infrastructure, Supply Shortages & High Cost to Consumers
Northeast Propane Infrastructure, Supply Shortages & High Cost to Consumers Crestwood s Finger Lakes NGL Storage Facility "The Solution" Crestwood Midstream Facilities Overview Gathering & Processing Gas
More informationResidential Energy Consumption: Longer Term Response to Climate Change
24 th USAEE/IAEE North American Conference July 8-10, 2004, Washington, DC Residential Energy Consumption: Longer Term Response to Climate Change Christian Crowley and Frederick L. Joutz GWU Department
More informationGlobal growth rates Macroeconomic indicators CEDIGAZ Reference Scenario
Medium and Long Term Natural Gas Outlook CEDIGAZ February 215 Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario 4 3 %/year 199-213 213-235 6 Main consuming markets - %/year (213-235)
More informationPJM Electric Market. PJM Electric Market: Overview and Focal Points. Federal Energy Regulatory Commission Market Oversight www.ferc.
PJM Electric Market: Overview and Focal Points Page 1 of 14 PJM Electric Market Source: Velocity Suite Intelligent Map Updated August 23, 21 145 PJM Electric Market: Overview and Focal Points Page 2 of
More informationA Look at Western Natural Gas Infrastructure During the Recent El Paso Pipeline Disruption
A Look at Western Natural Gas Infrastructure During the Recent El Paso Pipeline Disruption This analysis examines the impact of the August 2000 El Paso Natural Gas Pipeline system disruption upon the ability
More informationPresentation on Results for the 2nd Quarter FY 2015. Idemitsu Kosan Co.,Ltd. November 4, 2015
Presentation on Results for the 2nd Quarter FY 2015 Idemitsu Kosan Co.,Ltd. November 4, 2015 Table of Contents 1. 2 nd Quarter FY 2015 Financials (1) Overview (2) Segment Information (3) Streamlining 2.
More informationEIA s U.S. Crude Oil Import Tracking Tool: Selected Sample Applications
EIA s U.S. Crude Oil Import Tracking Tool: Selected Sample Applications November 2014 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared
More informationPet Coke Consulting, LLC. Phil Fisher Argus Conference, Houston September 19-21, 2012
Pet Coke Consulting, LLC Phil Fisher Argus Conference, Houston September 19-21, 2012 Will Pet Coke continue to be made over next 25 years? To answer, we need to know: What drives pet coke production? How
More informationNatural Gas Wholesale Prices at PG&E Citygate as of November 7, 2006
QUARTERLY GAS ISSUES UPDATE December 26 I. Supply Issues Wholesale Natural Gas Prices Above normal temperatures and a lack of hurricane activity caused market prices to decrease in October. By November,
More informationEmergency Support Function #12 ENERGY
Emergency Support Function #12 ENERGY Lead Agency Virginia Department of Emergency Management (VDEM) Support Agencies and Organizations Department of Mines, Minerals and Energy (DMME) State Corporation
More informationWhy Coal Plants Retire: Power Market Fundamentals as of 2012
Why Coal Plants Retire: Power Market Fundamentals as of 2012 Susan F. Tierney, Ph.D. Analysis Group, Inc. February 16, 2012* Correction: pp. 8 9 February 24, 2012 Why Coal Plants Retire: Power Market Fundamentals
More informationLifting the Crude Oil Export Ban
September 2015 Lifting the Crude Oil Export Ban Explainer I: Crude Oil Export Ban Overview The Bipartisan Policy Center (BPC) prepared this overview as part of a series to promote greater understanding
More informationAs Gas Prices Pinch, Support for Oil and Gas Production Grows
MONDAY, MARCH 19, 2012 Those Aware of Fracking Favor Its Use As Gas Prices Pinch, Support for Oil and Gas Production Grows FOR FURTHER INFORMATION CONTACT: Andrew Kohut President, Pew Research Center Carroll
More informationNatural Gas and LNG Fundamentals
Natural Gas and LNG Fundamentals ExxonMobil Gas & Power Marketing Taking on the world s toughest energy challenges. This presentation includes forward-looking statements. Actual future conditions (including
More informationState Heating Oil & Propane Program Final Report Winter 2010/11
Massachusetts Department of Energy Resources 100 Cambridge St. Suite 1020 Boston, MA 02114 www.mass.gov/doer State Heating Oil & Propane Program Final Report Winter 2010/11 August 2011 Deval L. Patrick
More informationAnalysis of the EU Renewable Directive by a TIMES-Norway
Analysis of the EU Renewable Directive by a TIMES-Norway NorRen Summer School Arne Lind Institute for Energy Technology 07.08.2012 Outline The EU Renewable Directive (RES) Definition Targets Implications
More informationPlatts Oil Benchmarks & Price Assessment Methodology. October 4, 2012 - London
Platts Oil Benchmarks & Price Assessment Methodology October 4, 2012 - London Agenda Introduction and the role of benchmarks Platts price discovery process Global commodity markets outlook Platts MOC liquidity:
More informationUK Gas Security Policy
www.eprg.group.cam.ac.uk UK Gas Security Policy and international gas markets Dr Pierre Noël EPRG, University of Cambridge pn243 [at] cam.ac.uk London, 15 th February 2012 EPRG, University of Cambridge
More informationExample of a diesel fuel hedge using recent historical prices
Example of a diesel fuel hedge using recent historical prices Firm A expects to consume 5,, litres of diesel fuel over the next 12 months. Fuel represents a large expense for the firm, and volatile prices
More information