DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,919 Bcf as of Friday, October 30, 2020, according to EIA estimates.
This represents a net decrease of 36 Bcf from the previous week. Stocks were 200 Bcf higher than last year at this time and 201 Bcf above the five-year average of 3,718 Bcf. At 3,919 Bcf, total working gas is within the five-year historical range.
The United States of Energy Production
So, how do we generate electricity? It’s becoming more and more of a local state issue. Technology is certainly driving cost reductions and adopting alternatives.
Every state has changed its percentage of how electricity is generated over the last 10 years.
In some cases, dramatically. Consider how Iowa generated electricity from 2001 to 2019:
The major trends:
- Coal is not economically competitive against wind and natural gas.
- Wind is the most economical electric generation option in most states.
- Natural gas production and its use grew in all states.
- Solar power is fastest growing in the Southwest.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Check out your state: https://www.nytimes.com/interactive/2020/10/28/climate/how-electricity-generation-changed-in-your-state-election.html?action=click&module=Top%20Stories&pgtype=Homepage
DOE EIA Weekly Storage Report
Working gas in storage was 3,955 Bcf as of Friday, October 23, 2020, according to EIA estimates.
This represents a net increase of 29 Bcf from the previous week. Stocks were 285 Bcf higher than last year at this time and 289 Bcf above the five-year average of 3,666 Bcf. At 3,955 Bcf, total working gas is above the five-year historical range.
How Covid-19 Has Changed The Way Americans Use Energy
Among many discussions during Covid-19, energy is a common topic for businesses and households alike. We’ve seen many make the move to home offices and remote school, changing energy consumption and sales. During the 2nd quarter, usage decreased 4% overall in the US. Hospitals increased power consumption 600% while the industrial sector dropped 9% and the commercial sector dropped 11%. Certain areas such as Hawaii showed the biggest decrease in usage due to their large hospitality-based economy. We are constantly learning how to acclimate to changes and come up with innovative ideas. Huge offices empty for months are being converted into lab space as we have an increased need for research and testing. As we continue navigating this pandemic, energy use will continue evolving and adapting in new ways.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://www.forbes.com/sites/jamesconca/2020/10/28/the-coronavirus-uneven-effects-on-energy-use-in-america/#912b36241796
One company’s grand plan to help suppliers club together to buy green energy
What do long-term global or local businesses do when they see a problem? They solve it.
Climate change impacts lives today and is forecasted to accelerate its negative impact through increased storms, draught, fire, and hurricanes. Using the tools and abilities within their disposal, governments and businesses have responded to face this challenge.
Governments around the world agreed collectively to reduce emissions; see the Paris Agreement. The goal is for each country to reduce its emissions over 50 years.
Businesses are moving to reduce their carbon emissions by committing to renewable energy. A large company example is Walmart. In 2005, Hurricane Katrina devastated New Orleans and Walmart committed to sustainable energy. Fast forward to 2020, that commitment has translated to reduced waste and 29% of its electricity coming from renewables. Walmart’s aim is to use its initiative to create an alliance of companies that commit to renewable energy regardless of size called the Renewable Energy Buyers Alliance.
Seeing a problem and addressing it provides for opportunities. Walmart is reducing costs to operate its business while reducing waste and greenhouse gases that contribute to global warming. Win-Win-Win.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://www.cnbc.com/2020/10/23/walmart-wants-suppliers-to-buy-renewable-energy-collectively.html
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,926 Bcf as of Friday, October 16, 2020, according to EIA estimates.
This represents a net increase of 49 Bcf from the previous week. Stocks were 345 Bcf higher than last year at this time and 327 Bcf above the five-year average of 3,599 Bcf. At 3,926 Bcf, total working gas is above the five-year historical range.