The IEA has released the 2016 version of their annual world energy outlook report - World Energy Outlook 2016. The report has prompted a spate of articles about "peak oil demand" (with earlier reports from the Economist and WSJ being joined this week by Forbes, Bloomberg and The FT). Show More Summary
The most important message from the 2016 edition of the annual World Energy Outlook, the International Energy Agency’s (IEA) flagship publication released today, is that “policies will determine where we go from here”. “Paris” has given the international energy sector “a new sense of direction”, notes the IEA.
DeSmogBlog has a (slightly old now) post on the US Energy Information Agency's long standing habit of underestimating growth in renewable energy - Renewable Energy Growth Blows EIA Forecasts Out of the Water, Again. Another year, another U.S. Show More Summary
We have been hearing a great deal about IMF concerns recently, after the release of its October 2016 World Economic Outlook and its Annual Meeting October 7-9. The concerns mentioned include the following:
Based on projections in the U.S. Energy Information Administration's Annual Energy Outlook 2016 (AEO2016), U.S. tight oil production is expected to reach 7.08 million barrels per day (b/d), and shale gas production is expected to reach 79 billion cubic feet per day (Bcf/d) in 2040.
Industrial sector energy intensity is heavily influenced by the composition of goods and services, which is based on both domestic and international demand. In EIA's Annual Energy Outlook 2016 (AEO2016), industrial energy intensity is expected to decline by 15% from 2015 to 2040.
In the U.S. Energy Information Administration's International Energy Outlook 2016 (IEO2016) and Annual Energy Outlook 2016 (AEO2016), natural gas production worldwide is projected to increase from 342 billion cubic feet per day (Bcf/d) in 2015 to 554 Bcf/d by 2040.
Natural gas plant liquids (NGPL) accounted for 22% of total U.S. petroleum and other liquid fuels production in 2015. In EIA's Annual Energy Outlook 2016 (AEO2016) Reference case, increases in NGPL account for a significant share of total increases in petroleum and other liquid fuels production over 2015–40.
Based on results from EIA's Annual Energy Outlook 2016 (AEO2016) Reference case and International Energy Outlook 2016, EIA projects that the North American share of energy generation from renewable and nuclear energy sources will grow from 38% in 2015 to 45% in 2025. This projection assumes the Clean Power Plan (CPP) is upheld and takes effect in the United States.
Originally published on EIA. Based on results from EIA’s Annual Energy Outlook 2016 (AEO2016) Reference case and International Energy Outlook 2016, EIA projects that the North American share of energy generation from renewable and nuclear energy sources will grow from 38% in 2015 to 45% in 2025. Show More Summary
U.S. coal production is projected to decline by about 26%, or 230 million tons, between 2015 and 2040 in EIA's Annual Energy Outlook 2016 (AEO2016) Reference case, which assumes the implementation of the Clean Power Plan (CPP). In a scenario that assumes the CPP is never implemented (No CPP case), U.S. coal production remains close to 2015 levels through 2040.
So many studies, so little time. Just in the past couple of weeks analyses from DoE’s Energy Information Administration, Bloomberg New Energy Finance, British Petroleum and the International Renewable Energy Agency have hit my inboxShow More Summary
Originally published on EIA. EIA’s Annual Energy Outlook 2016 (AEO2016) Reference case projects that natural gas-fired electricity generation will exceed coal-fired electricity generation by 2022, while generation from renewables—driven by wind and solar—will overtake coal-fired generation by 2029. Show More Summary
Electricity sales, as projected in the U.S. Energy Information Administration's most recent Annual Energy Outlook (AEO2016) Reference case, increase in each sector through 2040. In 2015, 3.7 trillion kilowatthours (kWh) of electricity were sold, and total electricity sales are projected to rise 0.7% annually through the projection period.
The growth in total U.S. dry natural gas production projected in the Annual Energy Outlook 2016 (AEO2016) Reference case results mostly from increased development of shale gas and tight oil plays. Natural gas resources in tight sandstone and carbonate formations (often referred to as tight gas) also contribute to the growth to a lesser extent.
FRACK, BABY, FRACK: Have You Thanked Shale Today? The shale boom is barely a decade old and it already accounts for half of American natural gas production, but according to the EIA’s newest Annual Energy Outlook, by 2040 fracking will be producing nearly 70 percent of our country’s gas.... Did you catch […]
By Mindy Lubber, President, Ceres Annual general meetings at the world's largest fossil fuel companies are usually a time for reflecting on strategies to increase revenues for the coming year, global energy outlooks, and governance. But last week's annual meetings at Exxon Mobil and Chevron were different. Show More Summary
U.S. consumption of natural gas is projected to rise from 28 trillion cubic feet (Tcf) in 2015 to 34 Tcf in 2040, an average increase of about 1% annually, according to EIA's Annual Energy Outlook 2016 (AEO2016) Reference case. The industrial...Show More Summary
Enthusiasts believe thatshale gas is simultaneously cheap,abundant and profitable thus defying all rules of business and economics. That is magical thinking. The recentlyreleasedEIA Annual Energy Outlook 2016sparkles with pixie dustas it forecasts almost unlimited gas supply at low prices out to 2040 and beyond. Exuberant press reportsherald a new era ofLNG [...]
The U.S. Energy Information Administration provides a long-term outlook for energy supply, demand, and prices in its Annual Energy Outlook (AEO). This outlook is centered on the Reference case, which is not a prediction of what will happen, but rather a modeled projection of what might happen given certain assumptions and methodologies. Show More Summary