Tag: EIA

EIA’s Annual Energy Outlook 2022 reference case (which assumes current laws and regulations) projects that U.S. energy consumption will grow through 2050. According to the reference case, petroleum will retain the largest share of energy consumption throughout that period, followed by natural gas. Renewable energy is projected as the fastest-growing energy source through 2050. EIA […]

The wind industry often peddles the false claim that conventional energy sources like natural gas, coal, and nuclear receive more subsidies than wind power. Industry lobbyists at the American Wind Energy Association (AWEA) use this myth as a talking point to push for more subsidies, including the federal Production Tax Credit. In reality, the exact […]

Last week, the U.S. Energy Department released a report on the future of America’s wind industry. The report, Wind Vision, offers a lofty goal: wind energy could supply 35 percent of U.S. electricity by 2050 (for context, wind currently supplies 4.5 percent and coal is our largest electricity source at 39 percent). At nearly 300 pages, […]

In a desperate attempt to provide cover for the Environmental Protection Agency (EPA), the Natural Resources Defense Council (NRDC) made an embarrassing gaffe. It is no secret that the EPA and the NRDC have been bedfellows for a number of years. The NRDC draws up blueprints for new regulations, and the EPA puts those blueprints […]

The U.S. Energy Information Administration’s “Today in Energy” chart on November 18 illustrates a huge problem with Europe’s aggressive renewable energy subsidies and mandates — European electricity prices have risen at an astonishing rate, compared to American prices: EIA attributes much of the problem to Europe’s regulatory policies, noting, “In 2013, average residential electricity rates […]

U.S. oil production averaged 7.5 million barrels per day (bpd) in 2013, reaching the highest levels since 1989, according to new data from the Energy Information Administration (EIA). Domestic oil production hit 7.9 million bpd in December 2013, an 11 percent increase compared to December 2012. The following chart shows U.S. oil production between 1989 and 2013. Meanwhile, on the […]

United States oil production has passed yet another milestone, reaching its highest level in 25 years. According to the EIA, the oil industry produced 8.075 million barrels per day in the first week of December, the most since October of 1988. This increase in production is largely occurring on state and private lands and has […]

In a letter to EPA Administrator Gina McCarthy, members of Congress are urging the EPA to reduce the required biofuel volumes under the Renewable Fuel Standard (RFS) for 2014. The letter, signed by more than 150 members from both parties, correctly points out that the RFS is a flawed policy, based on faulty assumptions, that […]

The proponents of a carbon tax claim that it is a “market-based” approach to curbing so-called “negative externalities” (such as greenhouse gas emissions). They argue that a “putting a price” on carbon, for example, is far more efficient than command-and-control regulations where the government imposes its own technology choices on the energy sector. Yet in […]

For the United States, 2013 has been the year of energy. Last month, the Energy Information Administration (EIA) announced that crude oil reserves were at their highest levels in more than two decades. Now EIA reports that the U.S. will surpass Russia and Saudi Arabia to become the world’s number one combined producer of oil […]