Real Clear Energy Charticles

Energy Charts Interpretated and Analyzed by RCEnergy

Expanded Panama Canal Will Open Up Tanker Traffic

The expanded Panama Canal, due to be completed in 2015, will open up a new route for tanker traffic to Asia. The canal currently plays a very limited role in allowing the transport of oil because of the limited size of ships. "The canal's current size restrictions means smaller vessels, with capacities of approximately 400,000-550,000 barrels of light sweet crude oil, are the only ships that can...

Geothermal Leads in Capacity Factor For Renewables

Geothermal plants still lead in the capacity factor for renewable energy. Capacity factor measures the amount of time a power source is available for use. This is to differentiate from "nameplate capacity," which is a measure of how much a generator can produce at maximum capacity without any regard to how often the power will be available. Wind and solar are usually described by their...

Wyoming, Already Rich in Coal, Is Adding Oil

Although the Powder River Basin is famous for its coal production, the region has been undergoing a little-noted renaissance in oil as well. The reason is fracking and horizontal drilling, which have opened up six previously inaccessible oil fields. "The increase in Powder River Basin oil production is largely attributable to production growth in the Turner, Parkman, and Niobrara-Codell...

Gasoline Prices Headed Downward

Gasoline futures are very accurate at predicting the price at the pump. As you can see, the two have tracked almost perfectly over the last three years. And right now the news is good for motorists. Despite the turmoil in the Middle East, America's surging oil production has prices headed downward, At $2.50 per gallon, futures are at their lowest level since 2010. And at $3.50 per gallon,...

As Advanced Nations Level Off, Oil Demand Will Rise Elsewhere

As long anticipated, the growth in gasoline consumption is likely to shift from the developed nations of the West and Japan to the developing nations of Asia and the Mideast.. The graph projects out consumption from the present - 2010 - to 2025 and 2040. Consumption will actually decline in Europe, America and Japan as improvements are made in fuel economy and the size of the auto fleet matures....

Gasoline Consumption Creeping Up Again

After hitting a low point last October, gasoline consumption has started to sneak up again, fueled by abundant supplies and level prices. The trend is not terribly pronounced. At the low point, Americans were consuming 8.68 million barrels per day. Today that figure has crept back up to 8.82 million barrels. The trend shows that the movement toward alternative fuels will always be threatened by...

EPA Delay on Ethanol Quotas Sets Record

The Obama Administration has put just about everything on hold until after the November elections. The Keystone Pipeline, permitting oil exports, immigration reform, and the setting of the quotas for ethanol - all have been more or less kicked past the election. Most notable is the EPA's long delay in setting the 2014 quotas for ethanol under the Renewable Fuels Standard, which determines how...

China Now the World's Largest Carbon Emitter

China has moved into a clear lead as the world's largest carbon emitter and is principally responsible for the accelerating upward trend in emissions over the last decade. The United States is still number two, but our contribution has leveled off in recent years. Russia is in third place, followed by India and Japan. China and India may top out at some point but their growing economies are...

Electricity Rates Rise Unevenly Across the Country

Electrical rates rose 3.2 percent across the country during the first half of 2014, the highest rate of increase for that period since 2009. However, the distribution of price increases was very unevenly distributed. New England is getting socked by the closing of coal plants and the substitution of natural gas - even though the region does not have adequate pipeline capacity to bring in the...

Where China Gets Its Oil

Now that China has passed the United States as the world's largest importer of oil, it is becoming clear what a widespread global network the country has cast in order to keep the supplies flowing. China is now the largest importer from the Middle East. This involves a trip through the Strait of Hormuz, across the Indian Ocean and then through the equally narrow Strait of Malacca, which gets it...

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