Mexico turns to the Jurassic era for shale oil: Fuel for Thought
Mexico’s plans to develop its shale oil resources have finally taken a step forward following years of largely fruitless efforts by the state owned company Pemex.
Lower airline fuel costs reduce U.S. airlinesâ operating expenses, increase net profits
(Fri, 17 Feb 2017) Lower crude oil prices in recent years have translated to lower fuel costs and overall lower operating expenses for U.S. passenger airlines. According to the U.S. Department of Transportationâs Bureau of Transportation Statistics (BTS), U.S. passenger airlinesâ collective net profit increased to $25.6 billion in 2015, up from $7.5 billion in 2014.
U.S. uranium production lowest since 2005
(Thu, 16 Feb 2017) U.S. production of uranium concentrate (U3O8) totaled 2.9 million pounds in 2016, 13% lower than the uranium produced in 2015 and the lowest annual U.S. production since 2005. U.S. uranium concentrate production in 2016 was less than 7% of the historical peak production level of 43.7 million pounds in 1980.
EIAâs short-term global oil demand outlook considers the role of economic activity
(Wed, 15 Feb 2017) Oil plays a crucial role in the global economyâfrom the production of goods to the transportation of people and freight. For this reason, economic activity and oil consumption tend to move together, particularly in developing economies. This relationship makes gross domestic product (GDP) an important driver of oil consumption.
Projected electricity generation mix is sensitive to policies, natural gas prices
(Tue, 14 Feb 2017) The mix of fuels used to generate electricity in the United States has changed in response to differences in the expected cost of fuels and electricity-generating technology costs and their deployment. These factors, together with policies affecting emissions from power generation, will determine the generation fuel mix of the future.
China’s independent refiners could get regulated away: Fuel for Thought
China’s regulatory pendulum has swung from supporting independent refiners to favoring state-owned oil companies.
Tight oil expected to make up most of U.S. oil production increase through 2040
(Mon, 13 Feb 2017) EIAâs recently released <em>Annual Energy Outlook 2017</em> (AEO2017) Reference case projects that U.S. tight oil production will increase to more than 6 million barrels per day (b/d) in the coming decade, making up most of total U.S. oil production. After 2026, tight oil production remains relatively constant through 2040 in the Reference case as tight oil development moves into less productive areas and as well productivity decreases.
Argentina seeking increased natural gas production from shale resources to reduce imports
(Fri, 10 Feb 2017) Despite its estimated 802 trillion cubic feet (Tcf) of unproved, technically recoverable shale gas resources, Argentinaâs dry natural gas production declined each year from 2006 to 2014, and the country has shifted from a net exporter of natural gas to a net importer.
U.S. energy trade with Mexico: U.S. export value more than twice import value in 2016
(Thu, 09 Feb 2017) Energy trade between Mexico and the United States has historically been driven by Mexicoâs sales of crude oil to the United States and by U.S. net exports of refined petroleum products to Mexico.
Commercial Buildings Energy Consumption Survey: Water Consumption in Large Buildings, 2012
(Thu, 09 Feb 2017) Using water consumption data from the Commercial Buildings Energy Consumption Survey (CBECS), EIA estimates that the 46,000 large commercial buildings (greater than 200,000 square feet) used about 359 billion gallons of water (980 million gallons per day) in 2012. On average, these buildings used 7.9 million gallons per building, 20 gallons per square foot, and 18,400 gallons per worker in 2012.