Real Clear Energy Charticles

Energy Charts Interpretated and Analyzed by RCEnergy

Marcellus & Utica Provide 85% of Shale Growth

Even though the shale gas boom is often pictured as happening all over the country, the Marcellus Shale of Pennsylvania has been responsible for an overwhelming portion of the increase with the Utica Shale of Ohio adding a much smaller portion. Taken together, the two northeastern states have provided 85 percent of the increase since 2012 with the Texas formations making up most of the rest. ...

OPEC's Supply Far Exceeds Demand

The supply of oil at OPEC is now exceeding demand by the greatest amount ever. The gap is now 3 million barrels per day, almost double the previous record in the brief run-up of 2009. The chart shows two things over the past eight years: 1) the supply-demand gap (the green bar, left scale) and 2) the Brent price of crude oil in dollars per barrel (orange line, right scale). As the price has...

Nuclear Tops All Sources in Capacity Factor

Nuclear still tops everything for capacity factor, the amount of time that an electricity generating source is operating at its full capacity. During the period from January 2011 to October 2013, the nation’s nuclear reactors operated at close to 90 percent of capacity. Only the nation’s few geothermal plants were close at a steady 70 percent. Coal operated at 60 percent, since...

California Hits a High on Gas Prices

California residents are used to paying higher prices for gas but this is getting ridiculous. According to the latest figures from the Energy Information Administration prices in the Golden State are now 30 percent above the national average. That’s the biggest gap in recent memory. Californians are now paying close to $4 per gallon while the rest of the country is closer to $3. There...

Developing Countries' Demand Will Double OECD by 2040

While energy demand from the OECD nations of Europe and America and the developing world were about equal in 2000, the demand from the developing nations is expected to double that of Europe and America by 2040. As the graph above shows, demand from China actually tops out around 2030 but demand from the other developing nations - India, Africa, Latin America,and the Middle East continues to...

Six Countries Claim Arctic Oil

With the Arctic mapped out, six countries are claiming rights to oil reserves beneath the Arctic Ocean. They are the United States, Canada, Russia, Norway, Denmark and Iceland. The shaded areas of the map show where oil reserves are believed to lie. Denmark's claims come from its ownership of Greenland. A sector in the middle that lies more than 200 miles from any coastline is considered...

Western Firms Cut Back in Iran

Western oil companies either cut back on their operations or abandoned them entirely when sanctions were imposed on Iran. When Europe adopted sanctions in 2010 several major oil companies cut back, as the above chart indicates. Iran has developed a mature industry in the interim. The Wall Street Journal speculates that western companies may have trouble re-establishing themselves when the...

China Climbing to #3 in Nuclear

In the next two years, China will move past South Korea, Russia and Japan to become the world’s third largest operator of nuclear reactors, after the United States and France. China currently has 23 gigawatts (GW) of nuclear capacity after adding 10 new reactors since 2013 and plans to complete another 23 GW by 2020. It will also have 30 new reactors under construction by that date. At...

Iran Could Bounce Back Quickly

Bloomberg shows three graphs today showing that Iran could bounce back quickly from the oil sanctions. Both Libya and Venezuela showed the same pattern. Libya’s production fell from 1.6 million barrels per day to virtually zero when civil war erupted in 2011. But the country was back to 1.6 mb/d in 2012, although it has since tailed off again as unrest persisted. Venezuela experienced...

30,000 Layoffs in Oil Industry

The oil industry has been hit hard by layoffs since the price of oil went into free fall beginning last fall. The above chart shows the numbers for the countries five largest companies, all of them operating in the Bakken or Texas. And these figures are only through last February, when the figure was just short of 30,000. The numbers have gone up since then. The days of the gold rush in the...

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