EIA AEO shows U.S. CO2 emissions 1 billion metric tons below 2007 peak in 2050

Guest essay by Larry Hamlin The Energy Information Administration (EIA) has released its 2019 Annual Energy Outlook (AEO) report for the U.S. showing that the nations year 2050 CO2 emissions will be just over 1 billion metric tons per year lower than its peak year 2007 CO2 emissions of 6.021 billion metric tons which retains…

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Oil Production at 100 million bbl/d: “Twin peaks straining the system to the limit”? Or just another day at the office in a highly resilient industry?

Guest commentary by David Middleton From the International Energy Agency’s Oil Market Report (OMR): Home » Newsroom » News » 2018 » October OMR: Twin Peaks 12 October 2018 Both global oil demand and supply are now close to new, historically significant peaks at 100 mb/d, and neither show signs of ceasing to grow any…

Thirty-Eight Years Of Subsidies

Guest Post by Willis Eschenbach On April 18, 1977, President Jimmy Carter announced his new energy policy. His speech included the following predictions of a dire future unless we repented of our evil ways: I know that some of you may doubt that we face real energy shortages. The 1973 gasoline lines are gone, and…

The Levelized Cost of Electric Generation

Guest Post by Willis Eschenbach In early 2013, the US Energy Information Agency (EIA) released their new figures for the “levelized cost” of new power plants. I just came across them, so I thought I’d pass them on. These are two years more recent than the same EIA cost estimates I discussed in 2011 here. Levelized…

The High Cost of Free Energy

Guest Post by Willis Eschenbach I will take as my departure point the following rather depressing chart from the US Energy Information Agency (EIA). It shows the rise in US electricity prices since 2001: Figure 1. Increase in energy costs for the industrial, commercial, and residential sectors, along with the average, from the EIA. SOURCE…