Electric cars will wipe out oil demand equal to Iran’s output by 2025, Barclays says
Due to the growing demand for electric vehicles (sales rose 40% last year), oil consumption could drastically decrease over the next 20 years. Various markets have proposed banning or curbing vehicles that burn fossil fuels and more are considering the same. Barclays analysts project that by 2025, 3.5 million barrels a day of oil demand could be wiped out. To compare, Iran is the 3rd largest OPEC producer and pumps a total 3.8 million barrels a day. The projections only increase as time goes on. However, there are still hesitations to electric vehicles especially with consistently low gasoline prices encouraging larger vehicle purchases.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Indiana, Michigan, 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.
Additional Information:
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,508 Bcf as of Friday, September 29, 2017, according to EIA estimates
This represents a net increase of 42 Bcf from the previous week. Stocks were 161 Bcf less than last year at this time and 8 Bcf below the five-year average of 3,516 Bcf. At 3,508 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,466 Bcf as of Friday, September 22, 2017 , according to EIA estimates.
This represents a net increase of 58 Bcf from the previous week. Stocks were 127 Bcf less than last year at this time and 41 Bcf above the five-year average of 3,425 Bcf. At 3,466 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,408 Bcf as of Friday, September 15, 2017, according to EIA estimates.
This represents a net increase of 97 Bcf from the previous week. Stocks were 136 Bcf less than last year at this time and 67 Bcf above the five-year average of 3,341 Bcf. At 3,408 Bcf, total working gas is within the five-year historical range.
Natural Gas Forecast
U.S. dry natural gas production is forecast to average 73.5 billion cubic feet per day (Bcf/d) in 2017, a 1.2 Bcf/d increase from the 2016 level. Natural gas production in 2018 is forecast to be 3.9 Bcf/d above the 2017 level.
In July, the average Henry Hub natural gas spot price was $2.98 per million British thermal units (MMBtu), about the same as in June. Higher natural gas exports and growing domestic natural gas consumption in 2018 contribute to the forecast Henry Hub natural gas spot price rising from an annual average of $3.06/MMBtu in 2017 to $3.29/MMBtu in 2018. NYMEX contract values for December 2017 delivery that traded during the five-day period ending August 3 suggest that a range of $2.17/MMBtu to $4.48/MMBtu encompasses the market expectation for December Henry Hub natural gas prices at the 95% confidence level.
Illinois Rules Review Committee Rejects Requirement For Double Verification Of Retail Electric Sales
The Illinois Commerce Commission issued a second notice prior to issuing new rules governing retail energy marketing.
The new rules will include:
- Notification through a separate letter whenever a monthly bill period would increase by 20%
- Limit door-to-door marketing to 9AM-7PM
- Provide 12 months of history of the energy marketer’s rate
Realgy issues a monthly comparison of our price compared to each utility (Comp). Our Comp allows you to compare under various usage amounts how much savings you would achieve over the last 12 months.
Realgy is proud of our service in Illinois and in providing real savings.
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.
Additional Information:
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,311 Bcf as of Friday, September 8, 2017, according to EIA estimates.
This represents a net increase of 91 Bcf from the previous week. Stocks were 179 Bcf less than last year at this time and 43 Bcf above the five-year average of 3,268 Bcf. At 3,311 Bcf, total working gas is within the five-year historical range.
Energy Department Invests Up to $50 Million to Improve the Resilience and Security of the Nation’s Critical Energy Infrastructure
Hurricane season has hit hard this year. Many continue to be impacted by the destructive storms with a lack of power being a huge setback. The Department of Energy (DOE) has decided to award National Laboratories to improve the Nation’s critical energy infrastructure for electricity, oil, and natural gas. The ability to withstand and recover quickly from energy interruptions needs to be a priority for the DOE. The awards are up to $50 million and will help shape the future of the Nation’s grid to ensure resilience and security.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Indiana, Michigan, 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.
Additional Information:
https://www.energy.gov/articles/energy-department-invests-50-million-improve-resilience-and-security-nation-s-critical
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,220 Bcf as of Friday, September 1, 2017, according to EIA estimates.
This represents a net increase of 65 Bcf from the previous week. Stocks were 212 Bcf less than last year at this time and 15 Bcf above the five-year average of 3,205 Bcf. At 3,220 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,155 Bcf as of Friday, August 25, 2017, according to EIA estimates.
This represents a net increase of 30 Bcf from the previous week. Stocks were 239 Bcf less than last year at this time and 8 Bcf above the five-year average of 3,147 Bcf. At 3,155 Bcf, total working gas is within the five-year historical range.
