study of energy industry
- 01/26/2019 The U.S. Energy Information Administration has published its annual energy outlook, featuring some projections to 2050! The forecasts make and describe certain key assumptions. This is great reading for anyone interested in energy trends. Here are the key takeaways from the report.
• The United States becomes a net energy exporter in 2020 and remains so throughout the projection period as a result of large increases in crude oil, natural gas, and natural gas plant liquids (NGPL) production coupled with slow growth in U.S. energy consumption.
• Of the fossil fuels, natural gas and NGPLs have the highest production growth, and NGPLs account for almost one-third of cumulative U.S. liquids production during the projection period.
• Natural gas prices remain comparatively low during the projection period compared with historical prices, leading to increased use of this fuel across end-use sectors and increased liquefied natural gas exports.
• The power sector experiences a notable shift in fuels used to generate electricity, driven in part by historically low natural gas prices. Increased natural gas-fired electricity generation; larger shares of intermittent renewables; and additional retirements of less economic existing coal and nuclear plants occur during the projection period.
• Increasing energy efficiency across end-use sectors keeps U.S. energy consumption relatively flat, even as the U.S. economy continues to expand.
There are plenty of interesting charts. Here is a sample.
- Kirk Spano analyzes oil price changes in light of the Iran sanctions and the Trump Administration’s changing policies. One of the few people commenting on oil who considers both supply and demand, Kirk’s data-based approach identifies the factors behind higher prices and the stocks that will benefit.
- Climate change? If you are not worried, move on to the next paragraph. If you are, read the Barron’s cover story to find the companies most exposed to this threat.
