American liquefied natural gas (LNG) prices are expected to tumble by almost a third this year, as milder winter weather is leading to a glut. LNG prices are dropping as supply growth has outpaced demand growth in recent months, according to the U.S. Energy Information Administration (EIA), in its Short Term Energy Outlook (STEO), on Feb. 7. Domestic…
EIA Slashes Natural Gas Price Forecast by 30 Percent Because of Supply Glut
February 8, 2023
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United States Was Top Exporter of Liquefied Natural Gas, Mostly to Europe, During First Half of 2022
July 26, 2022
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The United States was the top exporter of liquefied natural gas (LNG) during the first half of 2022, the U.S. Energy Information Administration (EIA) said in a July 25 report. In the first six months of the year, U.S. LNG exports rose by 12 percent to an average of 11.2 billion cubic feet per day (Bcf/d) compared…
US Records Two Straight Weeks of Oil Supply Drawdowns
U.S. inventories of crude oil recorded two straight weeks of supply drawdowns, according to new data from the Energy Information Administration (EIA) on Wednesday. In the week ending June 17, crude stockpiles fell 386,000 barrels, falling short of the market estimate of a 569,000-barrel decline. The EIA further reported that oil stocks fell 2.762 million…
US Crude Oil Futures Hit Multi-Month Highs After Saudi Arabia Hikes Oil Price
June 6, 2022
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After Saudi Arabia announced a rise in crude prices for July, crude oil futures in the United States hit their highest level in nearly three months. West Texas Intermediate crude futures hit a three-month high of $120.99 per barrel on Monday, and were trading at $119.28 per barrel at 04:58 a.m. EDT. Meanwhile, Brent crude…
A Government Scheme that Would Make Charles Ponzi Blush
Commentary It was the summer of 1919 when the idea came to him. He had endured multiple business failures in the past, but he was sure this one would change everything. He had received a query in the mail from a prospective client in Spain. Included in that letter was an international reply coupon (IRC)….
US Coal Stockpiles Hit Record Low
December 7, 2021
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U.S. coal stockpiles dipped to just 80 million tons in September, the lowest monthly total since the Energy Information Administration (EIA) began tracking such information in 2001. U.S. coal stocks fell 4.8 percent over the course of the previous month, according to the EIA. The record-breaking low came as a national and global energy crunch has…
Budweiser Accused of Downplaying Fossil Fuel Use
December 6, 2021
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Energy analyst Alex Epstein has argued that Budweiser is taking advantage of consumers’ energy-related ignorance by stating that its beers are brewed with 100 percent renewable electricity, pointing out that the “most of the energy that goes into its beer is fossil fuel.” Epstein made his case in a viral Twitter thread as well as…
US ‘Must Not Emulate Europe’s Disastrous Energy Blueprint’: Expert
November 18, 2021
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Energy expert Robert Bryce said spiking energy prices in Europe are tied to an increased reliance on renewables and lowered investments in fossil fuels, arguing that the continent’s green policies provide the United States with a clear example of what not to do. Bryce, who made his remarks in testimony to the Senate Committee on Energy…
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