Oil output down more than 7%; Coal down more than 15% The glut of oil brought on by OPEC’s decision to defend market share continues to put pressure on producers around the globe, particularly in China. China’s largest oil and gas producer, China National Petroleum Corp. (CNPC), reported 2015 profit was less than half of what it was in 2014
Decreasing demand for coal in electricity generation pushes production down to levels not seen since the early 1980s Coal production in the first three months of 2016 was 173 million short tons, the lowest quarterly level in the United States since a major coal strike in the second quarter of 1981. Among the regions tracked by the EIA, the Powder
Natural Gas: the environmental movement’s strongest asset Double benefits of gas-fired power plants: NatGas emits less carbon dioxide per unit of electricity generation and consumes less fuel per unit of generation It shouldn’t be very long before the environmental movement is rallying kayakers to hold celebrations to thank U.S. E&P companies for their hard work and massive investments to find and
When politicians get called out by a flesh-and-blood voter for something damaging they said, something that was broadcast on CNN and archived on Youtube, their sudden backtracking, denials and squirming are revealing. Clinton told a CNN panel in March: “We’re going to put a lot of coal miners and coal companies out of business.” The former secretary of state, running
Total 2015 U.S. energy production was 89 quadrillion BTUs, 91% of consumption The United States total energy production saw an increase for the sixth consecutive year. Data collected from EIA’s Monthly Energy Review stated that energy production in the U.S. totaled 89 quadrillion British Thermal Units. The total amount of energy produced in the U.S. in 2015 corresponded to roughly
U.S. remains a net exporter of coal, exporting 74.0 MMst in 2015 Flows of coal in and out of the United States showed a net decline in 2015, with coal exports falling 23% while imports remained relatively unchanged. The U.S. remained a net exporter, however, with 74.0 million short tons (MMst) of net outflows on the year. 2015 marked the
First a warning, then executive actions through the EPA, now a halt to coal mining leases on federal land Government policy can be used as a powerful industry killer. Ask the coal miners in Appalachia. In a 2008 speech candidate Obama warned that “if somebody wants to build a coal power plant it will bankrupt them because they’re going to be
27 States are Suing to Stop the CPP, Where do Things Stand? On August 3, 2015, President Obama and the U.S. Environmental Protection Agency announced the Clean Power Plan, which is described on the EPA website as “a historic and important step in reducing carbon pollution from power plants that takes real action on climate change.” The Clean Power Plan mandates the federal
Cultural Attitudes: 55 Years can make a World of Difference. So can 12. Remember the iconic 1960-era engineer? He wore a pocket protector in the shirt pocket of his short-sleeved white dress shirt. He usually had two or three ballpoint pens sticking up next to a small slide rule—he was the symbol of a culture that respected and emphasized things
An Exclusive Interview with Keith Burdette, Secretary of Commerce for West Virginia Coal has powered West Virginia’s economy for centuries. Generations of West Virginians have come and gone in the Mountain State, and its stalwart blue-collar coal industry continuously attracts the next wave of young people in search of a career in the rolling hills of Appalachia. But the latest generation
Coal loses support as demand in China falters The global coal trade declined for the first time in 21 years in 2014, and likely contracted further this year as well, according to information from the Energy Information Administration (EIA). The global coal trade grew rapidly from 2008 to 2013 as demand in Asia picked up to support expanding economies in
Combined Exelon, Pepco utility will have the largest customer base in the U.S. Support from District of Columbia Mayor Muriel Bowser for the merger of Exelon (ticker: EXC) and Pepco Holding Inc. (ticker: POM) utilities may push the $6.8 billion merger through, even after the D.C. Public Service Commission (PSC) announced it would not approve the deal in August. The
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