Energy Economy

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Natural Gas Price Ticks Higher After Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 42 billion cubic feet for the week ending December 2. Analysts were expecting a ...
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The Permanent Death of 99 Cent Gas

Early this year, the price of a gallon of regular gasoline dropped below 99 cents in some parts of the country. Why? Goldman Sachs forecast oil could drop under $20 ...
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Can the US Cut Energy Use in Half by 2050?

In its Annual Energy Outlook for 2016 published in September, the U.S. Energy Information Administration projected that U.S. energy use would be cut by 40% to 60% by 2050. Cutting ...
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Oil Barrels

Crude Oil Price Dips on Inventory Report, Worry Over OPEC Cuts

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.4 million barrels last week, maintaining a total U.S. commercial ...
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EIA Forecast Sees Higher Pump Prices Ahead, Slightly More US Crude Production

The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short Term Energy Outlook (STEO). By the end of 2016, the EIA is forecasting an average ...
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wind power

Wind to Generate 15% of Texas Electricity Demand in 2016

On Sunday, November 27, the Electric Reliability Council of Texas (ERCOT) announced a new record for wind generation of electricity on a single day in the state: 15,000 megawatts. The ...
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Gas Pump Nozzle

OPEC Cuts Are Lifting Gas Pump Prices

The price of gasoline on Monday morning was up six cents compared with last week's pump price for a gallon of regular gasoline. Compared with the same day last year, prices ...
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Oil pumps

OPEC Agreement Continues to Push Oil Prices Higher

Crude oil prices have climbed above $52 a barrel for benchmark West Texas Intermediate (WTI) and above $55 a barrel for Brent as the OPEC agreement to cut production appears, ...
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fracking

Oil Rig Count Rises by 3, Hedge Funds Punt Ahead of OPEC Meeting

In the week ended December 2, the number of rigs drilling for oil in the United States totaled 477, up by three from the prior week and down by 68 compared ...
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Saudi Arabia

What OPEC’s Production Cuts Really Mean

Crude oil prices have added about $5 a barrel since Wednesday's announcement from OPEC that the cartel had reached an agreement to slice about 1.2 million barrels a day from ...
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Blue Flame

Natural Gas Price Up 4.5% After Storage Report

The U.S. Energy Information Administration (EIA) reported Thurssday afternoon that U.S. natural gas stocks decreased by 50 billion cubic feet for the week ending November 25. Analysts were expecting a ...
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Vintage Gas Sign

The Threat of $3 Gas as Oil Moves Toward $60

A few things will need to happen for oil to reach and hold $60 a barrel, as it has started its march in that direction. The new OPEC deal, largely ...
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Oil Barrels

Crude Oil Price Soars on OPEC Deal, Inventory Change Not a Factor

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 900,000 barrels last week, maintaining a total U.S. commercial crude ...
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Hedge Funds Added Long Positions Ahead of OPEC Meeting

The Thanksgiving Day holiday delayed the release of the Commodity Futures Trading Commission's (CFTC's) weekly Commitments of Traders report until Monday afternoon. The report indicates that hedge funds, included under ...
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Coit Tower

Gas Prices Near $3 in California Cities

The tug-of-war over oil prices has continued. Rumors have it Russia will not cooperate with OPEC as it discusses production caps. Saudi Arabia may not attend upcoming meetings at all. ...
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