Texas Update- June 2017

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Dean Fantazzini has provided me with updates to Texas Oil and Natural Gas estimates, the data shifted about a year ago so I use the most recent 13 months of Texas RRC data along with the “all vintage” data estimate which uses all data from Jan 2014 to April 2017 for oil and April 2014 to April 2017 for condensate. The most recent EIA estimate is shown for comparison. In April 2017 the EIA estimate is 3345 kb/d, the 13 month corrected estimate is 3443 kb/d, and the all vintage estimate is 3572 kb/d. Read More

MEXICO Oil Reserves and Production

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This is a Guest Post by George Kaplan

In dollar terms, since mid 2015 Mexico has been a net importer of hydrocarbons (oil, natural gas, petroleum products and petrochemicals combined). To date it has been a relatively small and fairly constant amount, but with their oil production declining, and oil prices apparently continuing to fall while natural gas prices may be on the rise, the net cost could now start to increase.

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EIA’s Electric Power Monthly – June 2017 Edition with data for April

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This is a Guest Post by Islandboy

Non-Petroleum comments should be in this thread.

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The EIA released the latest edition of their Electric Power Monthly on June 23rd, with data for April 2017. April data extends the milestones reached in March as follows:

  • The contribution from solar reached 2.35%, up from 2%
  • The contribution from All Renewables extended its lead over Nuclear by more than 2%
  • The combined contribution from Wind and Solar reached 11%, up from 10%
  • The contribution from Non-Hydro Renewables exceeded 13%, up from 12.24%

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World Energy 2017-2050: Annual Report

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A Guest post by:

Dr. Minqi Li, Professor
Department of Economics, University of Utah
E-mail: minqi.li@economics.utah.edu

This Annual Report evaluates the future development of world energy supply and its impact on the global economy as well as climate change. The report projects the world energy supply and gross world product (global economic output) from 2017 to 2050. It also projects carbon dioxide emissions from fossil fuels burning and the implied global average surface temperature from 2017 to 2100.

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Figure 18
Sources: World historical oil, natural gas, and coal consumption from 1950 to 1964 is estimated from carbon dioxide emissions (Boden, Marland, and Andres 2017); world primary energy consumption and its composition from 1965 to 2016 is from BP (2017); world primary energy consumption and its composition from 2017 to 2050 is based on this report’s projections. Read More