Harvey makes landfall in Texas, but drilling returns remain strong
Despite devastating hurricanes, internal rates of return (IRR) increased across the board due in large part to higher natural gas liquids (NGLs) prices.
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(Wed, 20 Sep 2017) Hurricane Irma struck Florida on September 10, 2017, and knocked out power to 6.7 million electricity customersâ64% of all customer accounts in the stateâaccording to reports compiled by the Florida Division of Emergency Management. About 100,000 customers (1% of the state total) remained without power as of September 19.
Beyond China and India, energy consumption in non-OECD Asia continues to grow
(Tue, 19 Sep 2017) Based on projections in EIAâs <em>International Energy Outlook 2017 (IEO2017)</em>, much of the future growth in world energy consumption will occur in the nations of Asia outside of the Organization for Economic Cooperation and Development (or non-OECD Asia).
Solar shines on US heat wave, near-record peakload
Cal-ISO was expected to break a more than decade-long peakload record September 1 as a heat wave sat over the region, but solar changed the game.
Venezuela’s oil output continues to fall as PDVSA fritters away money: Fuel for Thought
Despite the billions of dollars that have flowed into Venezuela’s state-owned PDVSA in recent years, crude oil and refining output continues to languish. It is not lack of investment hindering growth, though.
Coal plants installed mercury controls to meet compliance deadlines
(Mon, 18 Sep 2017) Based on data recently published in EIAâs preliminary annual electric generator survey, several coal-fired electricity generators in the United States installed mercury control equipment using activated carbon injection systems just prior to compliance deadlines.
‘September US scrap collapses to sideways’: How can this be?
In 1968 there was an American college football game in which Harvard, an underdog entering the game, scored 16 points in the final 42 seconds to miraculously tie Yale 29-29. This sounds familiar to US scrap dealers.
Hurricanes Harvey and Irma lead to higher gasoline prices in Florida
(Fri, 15 Sep 2017) Hurricane Irma significantly disrupted gasoline markets in Florida, first by prompting increased demand and then by disrupting the supply chain needed to deliver the fuel.
EIA's International Energy Outlook 2017 will be released this morning
(Thu, 14 Sep 2017) The U.S. Energy Information Administration's latest <em>International Energy Outlook 2017</em> (IEO2017) will be released today at 10:00 a.m. Eastern. Highlights from IEO2017 will be webcast live by the Center for Strategic and International Studies.
International Energy Outlook 2017
(Thu, 14 Sep 2017) World energy consumption is projected to increase by 28% by 2040, according to the International Energy Outlook 2017. Most of the worldâs growth is projected to take place in countries outside the Organization for Economic Cooperation and Development (OECD). China, India, and the other non-OECD Asia nations alone account for more than 60% of the projected increase in world energy demand.