EIA: NATURAL GAS STORAGE REPORT Winter Storm Heather that crossed the USA over the last few weeks significantly increased the demand for gas and electricity, and the freezing temperatures put a large dent in production. During Winter Storm Heather, production dropped from just over 105 bcf/d to over 90 bcf/d. This helped increase the large…
View detailsMaryland’s “comprehensive” climate plan has been unveiled, and the next step is figuring out how to pay for it. As the state’s legislative session approaches, discussions surrounding the financial aspect of the plan are expected to be at the forefront. Unfortunately, there are no easy answers. According to a recent article from Maryland Matters, funding…
View detailsOhio environmental groups are pushing back against a state commission that claims its decisions to permit oil and gas drilling in state parks, and wildlife areas can’t be challenged in court. According to Energy News, the commission faces legal action from these groups, who argue that the commission’s claims are unfounded. How this dispute will…
View detailsThe North American Electric Reliability Corp. has announced a three-year plan to develop reliability standards for wind, solar, and battery storage facilities. This initiative represents a significant step towards modernizing the power grid and ensuring the stability and availability of renewable energy sources. According to Utility Dive, the plan will focus on inverter-based resources (IBRs),…
View details6-10 DAY AND 8-14 DAY OUTLOOK A warmer weather pattern will gain ground over the US next week with highs of 30s to 50s over the northern US and 50s to lower 80s over the southern US. There will also be heavy rain over Texas & the South next week w/local flooding. Natural gas demand…
View detailsThe Ohio Supreme Court has ruled that the assets of the former head of the state’s Public Utilities Commission can be frozen in connection to a corruption scandal where he accepted a $4.3 million bribe from FirstEnergy. This decision comes after a long-standing investigation into the energy company’s alleged involvement in the scandal.
View detailsWEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK The current wave of freezing temperatures has sent the market northward over $3.00. Freezing temperatures have increased demand and likely caused well-head freeze-offs that have hurt production. The good news is that another warmer front will follow the cold front with warmer temperatures across the country in the…
View detailsThe EIA reported this week that it expects Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025.
View detailsPittsburgh, a former capital of steelmaking and industry, has become a “poster child” of climate action and consciousness.
View details