Natural gas and renewables are expected to outcompete coal, petroleum, and nuclear power for the foreseeable future.
February 12, 2020Demand for soybean products is projected to reach 45.9 million tons in 2022. Amid a sea of regulations impacting the use of soybean products in applications ranging from food to fuel, suppliers have begun to develop crops with specific traits in order to produce soybeans and soybean products with more desirable attributes suitable for specific roles.
May 7, 2018Gas prices across the US have risen, and consumers are feeling the pain. Prices averaged $2.93 per gallon in the US during the month of July, and relief is definitely not in sight. Unfortunately, a confluence of geopolitical events and consumer habits have made petrol pumping prices pretty pear-shaped.
August 13, 2018In August 2018, the Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) announced a plan to freeze the Corporate Average Fuel Economy (CAFE) standards. While freezing the standards would likely stall the climb in fuel efficiency among the US motor vehicle park, ultimately increasing demand for motor vehicle fuel, the sharp legal resistance to the proposed changes will tie up the rulemaking for several years, ensuring that such rules are unlikely to take effect until the legal challenges are resolved. As a result, automakers will conform to previously established 2020 targets that make automobiles more fuel efficient, likely reducing demand for motor vehicle fuel for the next 2-4 years.
August 13, 2018US demand for refined petroleum products is forecast to total 6.2 billion barrels in 2021. The increasing fuel efficiency of US motor vehicles in use and demographic trends will reduce consumption volumes of gasoline, the largest demand segment.
June 14, 2017Residual fuel’s losses will be all gains for LNG, scrubbers, and diesel oil.
February 4, 2020The natural gas boom associated with expanding tight oil (oil from shale) production has left the US with more natural gas than it can use. This has suppressed prices and made US natural gas highly competitive on the global market. While pipeline exports to Canada and Mexico have increased rapidly, they are still quite small, leaving US suppliers wishing for additional accessible markets. The solution? Liquefied natural gas (LNG) exports.
November 7, 2019Despite a global push for reduced carbon emissions, energy crises facing countries like China and India are driving demand for coal. Can US producers facing a dying domestic market seize the opportunity?
October 26, 2021Coal has been declared a dying industry by articles in some publications like Forbes and The New York Times, but how bad has the outlook for US coal really gotten? As it turns out, large declines in US coal production are not expected to continue in the next few years, because the switch from coal to natural gas in electricity generation is largely complete.
January 11, 2017US energy production is forecast to total 98.0 quadrillion British thermal units (But) in 2021, representing 3.1% annual gains from 84.0 quadrillion Btu in 2016. Three segments will drive the majority of these gains.
December 12, 2017