Real Clear Energy Charticles

Energy Charts Interpretated and Analyzed by RCEnergy

Consumers Spending 5% on Energy

Consumers are spending about 5 percent of their income on energy, according to figures released by the Energy Information Administration. This is higher than it was in the 1990s but about average for the last twenty years. Spending peaked in 1980 when it reached 8 percent of income. It declined over the next 25 years, although there was an uptick after 2004, peaking in 2008. Although the Oil...

14% of New Cars Sold in Norway Are EVs

Norway is making a big push on electric vehicles and they now constitute fourteen percent of the new cars sold. The bar char tells the story. Nissan’s Leaf leads the pack, followed by VW’s Golf, Mitsubishi, BMW and Tesla. Of course these numbers don’t amount to much . There have only ben 1275 electric vehicles sold over the last year. Altogether there are 10,000 electric...

ISIS's Oil Resources

ISIS has a network of pipelines so it is actually able to bring some of its oil to market.  The oil is earning the rebel group about $3 milllion day a day.  It is shipped through Turkey and  then sold on the black market. In many ways, ISIS is functioning more efficiently than other sections of the oil industry. 

Lockheed's Model for Nuclear Fusion

Lockheed Martin says it has solved the problem of nuclear fusion and has a device that will fit on the back of a truck. People have been claiming they are close to nuclear fusion for decades. The problem is that the temperature at which the hydrogen atoms sure as they do in the sun exceed the tolerance of any known material. Nothing can hold the fuel in place. But researchers have been...

Fuel Economy Gains Are Being Made

Along with the boom in oil and gas production, Americans have been carefully adjusting their driving and car purchases to conserve energy. No longer do you see Hummers roaming the streets. The payoff has been impressive. A recent study by Michael Sivak and Brandon Schoettle at the University of Michigan's Transportation Research Institute says that the amount of fuel being saved is 15.1...

All But Two Oil-Producing Nations Are In Deficit

Two years ago everyone was worried about rising out prices. Now we’re distressed over falling oil prices. Seven of the 12 members of OPEC fail to balance their budgets when prices are below $100,” reports the Economist. “Last month Venezuela, a particularly inefficient member of the cartel, saw its bonds downgraded. One non-OPEC member in particular is in trouble: Russia....

Net Imports at Lowest Point in 29 Years

"Total U.S. net imports of energy as a share of energy consumption fell to their lowest level in 29 years for the first six months of 2014,” that the report issue this week by the Energy Information Administration. As recently as 2006, imports were more than 30 percent. “Total energy consumption in the first six months of 2014 was 3% above consumption during the first six...

Beyond Transportation, Natural Gas & Coal Dominate

Outside the transportation sector, which is completely dominated by oil, natural gas and coal provide almost exactly half of our energy, with natural gas contributing a slightly larger share at 23 of 55 quads. Nuclear contributes another 8 quads and hydro and biomass add 2.5 apiece, although the ‘biomass” is largely wood being burned to heat homes. Wind produces 1 quad and...

The Disputed New England Pipeline

Last winter the extremely cold weather put a huge strain on New England energy resources. Homeowners have long-term contracts but New England has been shutting down oil and coal plant and relying more and more on natural gas. But there isn’t enough pipeline capacity and so prices were bid up to ten times their normal level at times. Now the region is closing its biggest coal plant and...

Brent Crude Prices Plummet

Brent crude now below $90 with no indication that it has hit bottom. The Saudis cut their prices by $2 a barrel this week and the Eagle Ford and Bekken Shale continue to pour forth supplies. The low price of gas is affecting the sales of hybrids, electric vehicles and natural gas cars. Probably what will happen is someone at the Eagle Ford or Permian basin will slow down production and try to...

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