That the United States is an energy superpower whose presence is being felt in the global marketplace has been on display this week during the president’s trip to Europe. Because the U.S. is the world’s leading producer of natural gas and oil and the world’s leading refiner, we see America with growing opportunities to help friends and allies abroad through trade – even as domestically produced crude oil puts downward pressure on the…
Market expectation was 32 Bcf and the actual injection was 28 Bcf. The market seems to be unaffected by this injection for it looks like it is “just hovering in a range and is unable to increase into the high teens” per some New York floor traders. Last year we had an injection of 38 Bcf and the five year average stands at 59 Bcf. Current weather forecasts are predicting a…
Whether it is powering a refrigerator to keep food from spoiling or heating water for a shower, many of modern life’s most basic functions require electricity. However, the cost of running a refrigerator for a month could be up to three times more expensive depending on the state. To highlight how electricity costs vary across the country, 24/7 Wall st. reviewed the average retail price of a kilowatt hour —…
Lower Summer Demand Saves Energy, Reduces Utility Costs On the hottest days of the year, the electrical grid can become overwhelmed with increased energy loads to cool and dehumidify buildings. When this happens the grid is forced to turn on additional, usually less efficient, power plants for extra electricity. Every School has developed a “Demand Response Plan” that is implemented on peak demand days as part of Harvard’s overall energy…
