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Tag Archives: EIA

EIA estimates drastic oil import drop by 2037

oil balance

John Bestoloffe , Shale Plays Media   As oil companies in North Dakota’s Bakken and Texas’s Eagle Ford formations ramp up production, US oil imports have dropped dramatically. According to the Energy Information Administration (EIA), net oil imports to the United States could fall to nothing by 2037, making the United States energy independent as demand matches production. The forecast was ...

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Column-Shale revolution reverses global energy flow: John Kemp

John Kemp

(John Kemp is a Reuters columnist. The views expressed are his own) By John Kemp   (Reuters) – The United States has replaced OPEC as the marginal petroleum supplier to the world thanks to the shale revolution and improvements in automotive fuel efficiency. Net U.S. imports of crude and products have halved over thelast five years, or by an amount equivalent to the entire ...

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Crude Weekly Update

market

Crude Inventory shows bullish news The EIA reported a sudden drop in US Crude stocks of 2.38 million barrels over the past week in opposition to the expected build predicted by analysts. The news blindsided the industry as analysts watched inventories drop by over a million barrels instead of building twice that amount. Gasoline inventories followed analyst’s expectations, dropping by ...

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Study of Marcellus Shale Assesses Environmental Impact of Production Increase

forest

By: John Bestoloffe , Shale Plays Media The online scientific journal PLOS one recently released a cumulative report on the projected impacts energy development would have on the Marcellus shale.  Estimates from the report state that new natural gas well and wind farm development would cover 1.3 million acres of land, which is larger than the state of Delaware. Each aspect of ...

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Dept. of Interior releases first national interactive map of onshore wind turbines

Anchorage Daily News WASHINGTON, D.C.— As part of the President’s Climate Action Plan to move the economy toward clean energy sources, reduce carbon pollution and create jobs, Assistant Secretary for Water and Science Anne Castle today joined the U.S. Geological Survey to release the first publicly available interactive map and geo-dataset showing more than 47,000 onshore wind turbine locations and ...

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EIA projects oil and gas prices to decline

prices drop

By John Bestoloffe | Marcellus.com Crude oil production is up this year 1.0 million bbl/d from 2012 for an estimated average of 7.5 million bbl/d in 2013 according to the Energy Information Administration (EIA) Short-Term Energy Outlook.  The EIA expects this to continue to increase to 8.5 million bbl/d in 2014 9.3 million bbl/d in 2015.  “The 2015 forecast would ...

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