The volume of working gas injected into underground storage in the most recent Energy Information Administration survey topped 100 billion cubic feet for the third consecutive week. At May 24, 1.87 trillion cubic feet (Tcf) of working gas was stored, up 114 Bcf from the week-earlier total of 1.75 Tcf, Kallanish Energy calculates. The latest
Read More...In April 2019, Venezuela’s crude oil production averaged 830,000 barrels per day, down from 1.2 million barrels per day (Mmbpd) at the beginning of the year, according to the Energy Information Administration. Last month’s average is the lowest level since January 2003, when a nationwide strike and civil unrest largely brought the operations of Venezuela’s
Read More...The volume of working natural gas injected into storage in the Lower 48 U.S. states the week of May 3, slowed from the previous week’s triple-digit increase, but marked the sixth straight week of volume increases, the Energy Information Administration reported. During the latest survey week, 85 billion cubic feet (Bcf) of working gas was
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Our readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Lansing Town Board Deals with Looney Lansing Moratorium Our buddy Jim Willis picked up on this crazy story about the
Read More...Tom ShepstoneShepstone Management Company, Inc. . … Exports contribute to the our economy in numerous ways and natural gas exports just keep rising, bringing aconomic development to both rural and urban areas. Natural gas exports are growing and rapidly. Our natural gas is finding its way to Canada, Mexico and around the world with benefits
Read More...Crude oil prices slipped Wednesday after U.S. crude inventories soared to their highest point in 19 months, as production set a record, Kallanish Energy reports. The declines were somewhat tempered by the intensifying crisis in Venezuela and Washington’s stopping Iranian oil sanction waivers as of Wednesday, with the fall in the global Brent benchmark more
Read More...Tom ShepstoneNatural Gas NOW … … Andrew Cuomo is clearly trying to position himself to run for President at some point, but his actions show why he’ll never go anywhere outside of New York. Andrew Cuomo is an unusually good demagogue within New York, where city voters dominate and much of the electorate supposes electricity
Read More...Tom ShepstoneShepstone Management Company, Inc. The supposed inevitability of renewables is a matter of faith with gullible fractivists but the facts show we’re using more natural gas energy than ever. Never surrender to the hype. Facts always serve us better in the long run, although the temptation to accede to the will of crowd
Read More...Tom ShepstoneShepstone Management Company, Inc. Some states just can’t get their energy acts together. Plagued by political correctness, urban states tilt at windmills while Pennsylvania heats their homes. Pennsylvania is, sadly, bordered on three sides by hopeless urban states (Maryland, New Jersey and New York) that can’t shoot straight when it comes to energy.
Read More...While U.S. coal consumption has generally declined since its 2008 peak, the Energy Information Administration projects U.S. coal exports reached 116 million short tons (Mmst) in 2018 — the highest level in five years — based on foreign trade data collected by the U.S. Census Bureau. Exports of coal from the U.S. have increased since 2016, as
Read More...U.S. crude oil inventories for the week ended March 22 (excluding the Strategic Petroleum Reserve), increased by 2.8 million barrels (Mmbbl) from the previous week, according to Energy Information Administration data. At 442.3 Mmbbl, U.S. crude oil inventories are roughly 2% below the five-year average for early spring, the report showed. Trade group the American
Read More...Tom ShepstoneShepstone Management Company, Inc. Natural gas consumption was up big-time in the U.S. in 2018, signaling not only an economic boom in this country but also the start of a golden age of gas. The Energy Information Administration (EIA) is out with another of its wonderful reports offering “just the facts” and the facts
Read More...Tom ShepstoneShepstone Management Company, Inc. The shale revolution is just destroying its enemies, with record production of natural gas, growing exports and long desired energy security for the United States. The Energy Information Administration (EIA) is out with stunning statistics on the impacts of the shale revolution. The data is simply overwhelming; the shale revolution
Read More...