Showing posts with label Energy Information Administration. Show all posts
Showing posts with label Energy Information Administration. Show all posts
Friday, March 6, 2026

Too bad Trumpy didn't refill it last year when WTI averaged $65: The Strategic Petroleum Reserve, depleted by Biden, remains down 37% from its 2020 high

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Friday, September 19, 2025

I keep hearing that gold is soaring because of continued dollar weakness lol

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On the contrary, gold has risen despite continued dollar strength. The enormous gains for gold in 2024 and 2025 are not explained by a round...
Monday, February 10, 2025

Global coal electric capacity hit 2,175 gigawatts in 2024

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China added nearly 31gw of new coal electric capacity in 2024 and India nearly 6gw while the US retired almost 5gw, according to the story: ...
Saturday, July 13, 2024

Why you pay more for natural gas AND electricity: The utility mark-up of natural gas average prices over Henry Hub spot prices has never been higher than in 2024, 40% of electricity is generated by natural gas in the US, the largest source

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  A record 672% in the first half of 2024 675% in the first quarter of 2024, a new record                                   669% in the seco...

The rarely uttered but all-important truth: Energy prices lie at the root of all price pressures

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Energy-heavy transportation and warehousing operations saw prices fall in the early and final purchasing stages of their busin...
Thursday, March 7, 2024

Obama's war on coal has resulted in the elimination of electrical generation capacity equivalent to the entire nuclear power sector, and these idiots wonder how America ended up running out of electricity

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Starting from 2012 and going through 2022, ~ 106 GW of coal-fired capacity was eliminated in the US. Of the ~ 200 GW remaining , ~ 23% is sc...
Tuesday, January 9, 2024

Trump promised to build the wall, Biden promised to end fossil fuel lolz

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Wednesday, September 6, 2023

Chris Christie credits Fed interest rate policy for denting government-spending-induced inflation but misses the role of collapsing energy prices

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 Chris Christie is a smart guy with many of the right ideas about government spending, taxes, inflation, energy, and the environment. But it...
Friday, July 28, 2023

Headline pce inflation of 3% year over year is driven lower by the collapse in energy prices, mostly natural gas not gasoline

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Natural gas is twice as important as gasoline for America's energy needs. eia.gov says the United States used 369 million gallons of gas...
Saturday, March 25, 2023

The State of New York is run by green energy extremists who hate your use of natural gas, same as in California and Washington

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First they came for your toilets, dishwashers, and clothes washers, and you said nothing. Then they came for your coal, and you said nothing...
Sunday, January 1, 2023

Germany boosts electricity from coal to 10 gigawatts, a drop in the bucket

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 Bloomberg, here : Germany now generates   more than a third   of its electricity from coal-fired power plants, according to Destatis, the f...
Monday, July 11, 2022

LOL Reuters, 11 years ago: "Texas has the most wind power in the country, but the wind does not blow during the summer"

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Texas has the most wind power in the country, but the wind does not blow during the summer. Ercot said it got about 2,000 MW from wind durin...
Friday, May 27, 2022

Gee what a coincidence: Natural gas inventories in the Lower 48 are down 17.6% year over year and my utility just raised my monthly budget plan payment for the next year by 18%

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Friday, March 25, 2022

Environmentalists sneered at Trump's promotion of natural gas, and Europe didn't want his Freedom Gas in 2019, now they're cutting deals for US LNG which Trump made the US the world's third top exporter of by 2019

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EU strikes gas deal with the U.S. as it seeks to cut its reliance on Russia : The White House said the EU said would work toward the goal o...
Wednesday, June 16, 2021

You fools who won't have enough electricity for air conditioning this summer have only yourselves to blame

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From the story : Peak temperatures are forecast to reach 115 degrees Fahrenheit (46°C) in interior California through the week, according ...
Wednesday, January 30, 2019

The utility companies in Minnesota wouldn't have to say this if natural gas were reserved for residential heating and coal for electricity

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Extreme Cold Straining Xcel Energy’s Natural Gas System, Residents Urged To Turn Down Thermostat: “We need those in Becker...
Wednesday, April 18, 2018

Maybe gasoline wouldn't cost as much if we didn't export 8% of our consumption

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In 2017 our consumption of gasoline came to 3.40 billion barrels, but that year we exported 0.273 billion barrels, or 8% of that consump...
Saturday, January 16, 2016

Another Obama achievement: deliberately bankrupting coal companies, destroying jobs and making electricity more expensive

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From the story here at Bloomberg yesterday detailing the coal bankruptcies: Obama has backed tougher limits on carbon dioxide blamed ...
Wednesday, December 31, 2014

US could join this list of the world's top oil exporters thanks to relaxation of 1974 oil export ban yesterday

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Export of up to 1 million barrels per day could put the US in 16th or 17th on this list from the US Energy Information Administration by...
Thursday, October 30, 2014

Falling oil imports/record rising refined petroleum exports account for today's startling trade contribution to GDP

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The Oil and Gas Journal reports here that September petroleum imports plunged to the 1995 level while September was a record month for ex...