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EIA

Article, Climate, coal

A long-shot opportunity for coal and carbon capture?

January 26, 2018

By Bill Loveless New efforts to promote technology to capture carbon-dioxide emissions from coal-fired power plants and bury them underground or use them to enhance oil production are getting more attention in Washington these days thanks to the Trump administration and its commitment to save the U.S. coal industry. Now, the credit-rating agency Moody’s is cautiously predicting that the technology may be the answer for the declining industry in the long run, though daunting obstacles remain. One thing that could jump start interest in carbon capture and sequestration (CCS) would be a spike in the cost of natural gas, whose abundance in the U.S. and low price in recent years have persuaded electric utilities to rely more on gas to fuel their power plants and less on coal, according to a new report from Moody’s. On that score, the agency…

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by Bill Loveless
Blog, Oil, Prices

Stable outlook for U.S. oil producers at $45 a barrel

July 19, 2017

Most U.S. oil companies will be able to produce more oil while reducing operating costs at prices of $45 a barrel or so, Fitch Ratings said July 19. While the price for West Texas Intermediate, the U.S. benchmark for crude oil, has fallen from a 2017 high of $54.45 on February 23, producers with solid credit ratings can compensate for the lower price now through further gains in efficiency and lower costs per barrel, Fitch said. WTI closed at $46.02 on July 18. “Most U.S. (exploration and production) companies will continue to see production profile gains and lower costs per barrel of oil equivalent through a combination of reduced drilling days, improved well bore placement, expanded multi-well pad drilling, longer laterals and higher intensity completions, which should help offset market price pressures,” Dino Kritikos, senior director for U.S. Corporates at…

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by Bill Loveless
Article, Consumer, Corporations, Economy / Finance, Energy, Government and Politics, International, People

Oil supply uncertainty helps pump up prices

June 13, 2016

With oil markets stuck in a slump for two years now, it’s easy to forget how much a sudden loss of supply can impact prices. But the U.S. Energy Information Administrationreminds us of that risk in a new report that puts “unplanned” oil supply disruptions throughout the world at a five-year high in May. (Read more)

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by Bill Loveless