The manufacture of steel and related products is an energy-intensive process. In 2015, the steel industry accounted for 1.5% of all industrial shipments but 6.1% of industrial delivered energy consumption. In EIA’s “Annual Energy Outlook 2016” (AEO2016) Reference case, energy…
Month: July 2016
Stripper wells accounted for 11% of U.S. natural gas production in 2015
Stripper wells, also known as marginal wells, individually produce small volumes of natural gas or oil but in total have provided 11% to 15% of total U.S. oil and natural gas production over the past decade. Natural gas stripper wells…
Many industries use combined heat and power to improve energy efficiency
Combined heat and power (CHP) systems have long been used to reduce the overall energy intensity of industrial systems. There are two types of combined heat and power, depending on whether the system produces power first, then heat, or heat…
Increased drilling may slow pace of crude oil production declines
Higher and more stable crude oil prices are contributing to increased drilling in the United States, which may slow the pace of production declines. Benchmark West Texas Intermediate (WTI) crude oil prices averaged $46.59 per barrel (b) over the past…
Hourly information on U.S. electricity supply, demand, and flows is now available
he U.S. Energy Information Administration now provides hourly electricity operating data, including actual and forecast demand, net generation, and the power flowing between electric systems. EIA’s U.S. Electric System Operating Data tool provides nearly real-time demand data, plus analysis and…
Electric grid operators forecast load shapes to plan electricity supply
In the electric power sector, load shapes refer to the varying amounts of electricity required over time. Daily load shapes vary by region, climate, and time (daily, monthly, seasonally). Each day, balancing authorities—the entities charged with balancing electric supply and…
Changing U.S. energy mix reflects growing use of natural gas, petroleum, and renewables
Primary energy consumption fell slightly in 2015 as a decline in coal use exceeded increases in natural gas, petroleum, and renewables use. In most cases, changes between 2014 and 2015 reflect longer-term trends in energy use. …read more Source:: TODAY…
U.S. electric system is made up of interconnections and balancing authorities
Electricity generated at power plants moves through a complex network of electricity substations, power lines, and distribution transformers before it reaches customers. In the United States, the power system consists of more than 7,300 power plants, nearly 160,000 miles of…
India continues developing its strategic petroleum reserve as its oil imports grow
In response to India’s increasing reliance on petroleum imports, India plans to bring online the country’s first strategic petroleum reserve (SPR). The first phase of India’s SPR includes three locations (Visakhapatnam, Mangalore, and Padur) in southern India with a combined…
U.S. oil companies closer to balancing capital investment with operating cash flow
Although the crude oil price decline since 2014 has led to significant reductions in operating cash flow for U.S. oil companies, their immediate financial situations are improving. As oil companies’ spending falls and crude oil prices increase, the need for…
