Real Clear Energy Charticles

Energy Charts Interpretated and Analyzed by RCEnergy

Hubbert's Peak and Tight Oil

In 1952, M. King Hubbert predicted that onshore oil production in the lower 48 would peak in 1970. As you can see, he was pretty accurate. But what the predictors of "Peak Oil" didn't count on is that there would be oil from other sources. Alaskan oil and oil from the Gulf of Mexico have picked up the slack. But the real infusion of new supplies has come from the Fracking of tight oil, which...

Output on Federal Lands Has Declined Everywhere

The production of fossil fuels from federal lands has declined everywhere under the Obama Administration. Wyoming production is almost entirely coal and has been declining since 2009 as the Obama Administration attempts to reduce coal’s role in electrical generation because of global warming. Oil and gas output from the Gulf of Mexico were experiencing a slight uptick until the BP blowout...

Building Trade Unions Supporting Keystone

Labor unions are lobbying on behalf of the Keystone Pipeline but the overwhelming support comes from unions that are rooted in the building trades and manufacturing. The Laborers Union, Plumbers and Pipefitters, Teamsters and Carpenters and Joiners all figure prominently in the number of reports mentioning Keystone lobbying, as compiled by the Sunlight Foundation, which monitors...

State Energy Bills: Red Is Expensive, Green Cheap

WalletHub, an energy consulting firm, has charted overall energy costs for the 50 states. The most expensive states are represented in red, the cheapest states are represented in green. The brown states are intermediate. The rankings are made by comparing energy BILLS - not prices - for electricity, natural gas and gasoline. Colorado, which produces a lot of its own energy, is cheapest, while...

Gas Inventories Rise Rapidly

The possibility that natural gas inventory shortages will carry over into next winter seems to be facing. Data from the Energy Information Administration shows that the increase in inventories through the middle of July has been well above the five-year average, rising above 100 billion cubic feet per week. The average around this time of year is usually 75 bcf/wk. The rapid rebuilding has sent...

Robert Rapier's Renewable Energy Report Card

Solar energy remains the fastest growing form of renewable energy, although the pace slowed a bit in 2013 compared to the previous two years. That's the report from Robert Rapier in his "renewable energy report card." The striped line to the left represents the 2008-2013 average while the solid yellow line is last year. The figures represent percentage growth over the year. PV panels grew an...

Texas' Eagle Ford Surpasses the Bakken

The Eagle Ford in Texas has surpassed the Bakken as the nation's second most productive oil field and is closing in fast on the Permian, which stretches across Texas and New Mexico. All this is occurring as Texas has surpassed Iraq, OPEC's second largest oil producer, and the U.S. is closing in on Saudi Arabia as the world's largest producer. The fracking technology that has made the U.S. the...

States Where Oil is King

Texas is producing 41 percent of our 7.2 million barrels per day of oil and now rivals Iraq for overall production. Federal offshore lands - all in the Gulf of Mexico - contribute another 18 percent and North Dakota's Bakken adds 13.5 percent. Oil from the Gulf of Mexico has actually been in decline since the BP spill of 2009 but Texas and North Dakota now produce half our oil. California,...

Germany Industry Headed for No-Growth?

Germany is making progress in replacing nuclear with coal and solar but its industrial production seems to be being hurt by rising electrical prices. According to figures from MOM Source, published in MarketWatch, output has been on a downward trend since mid-2013 and is not in negative territory. The pattern is not overly pronounced and is still within the range of the last six years, but a...

Wind Collapses Without Federal Tax Credit

Windmill construction has proved once again that it depends almost entirely on the federal production tax credit, which often makes it profitable to put up windmills without even selling any electricity. Since Congress refused to extend the PTC from last year, windmill construction has collapsed to 1999 levels. This has happened every time Congress allowed the program to expire. There was a...

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