Taxation of coal, crude oil, and natural gas production presents opportunities for states to collect revenue as nonrenewable resources are produced. Natural resource permanent funds are revenues earned from taxing the extraction of energy resources and are set aside by…
Month: April 2015
U.S. energy demand slows except for industrial, commercial sectors
U.S. energy consumption has slowed recently and is not anticipated to return to growth levels seen in the second half of the 20th century. EIA’s Reference case projections in the Annual Energy Outlook 2015 show that domestic consumption is expected…
Projections show U.S. becoming a net exporter of natural gas
In its recently released Annual Energy Outlook 2015, EIA expects the United States to be a net natural gas exporter by 2017. Increased availability of domestic gas or higher world energy prices each increase the gap between the cost of…
Floating LNG regasification is used to meet rising natural gas demand in smaller markets
Floating regasification is a flexible, cost-effective way to receive and process shipments of liquefied natural gas (LNG). Floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities…
EIA report highlights top 100 U.S. oil and natural gas fields
The top 100 oil fields in the United States accounted for 20.6 billion barrels of crude oil and lease condensate proved reserves, or 56% of the U.S. total in 2013. The top 100 natural gas fields accounted for 239.7 trillion…
Oil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014
While Yemen is not a major oil-producing country, its coast borders the Bab el-Mandeb Strait, a narrow chokepoint between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and…
UK’s renewable energy targets drive increases in U.S. wood pellet exports
In 2014, almost three-quarters of all U.S. wood pellet exports were delivered to the United Kingdom (UK), mainly for the purpose of generating electricity. Overall, U.S. wood pellet exports increased by nearly 40% between 2013 and 2014, from 3.2 million…
Increasing domestic production of crude oil reduces net petroleum imports
In its recently released Annual Energy Outlook 2015 (AEO2015) Reference case, EIA expects U.S. crude oil production to rise through 2020 as oil prices recover from their steep decline, reducing net petroleum (crude oil and petroleum products) imports. AEO 2015…
U.S. energy-related carbon dioxide emissions increase in past two years
For the second year in a row, energy-related carbon dioxide (CO2) emissions in the United States have increased. However, unlike 2013, when emissions and gross domestic product (GDP) grew at similar rates (2.5% and 2.2%, respectively), 2014’s CO2 emissions growth…
New maps highlight geologic characteristics of U.S. tight oil, shale plays
EIA is currently in the process of updating maps of major tight oil and shale gas plays, including the Eagle Ford and Marcellus plays, which will help to better characterize the geology of key areas of production in the United…
