January 19, 2021 In its latest Short-Term Energy Outlook (STEO), released on January 12, the U.S. Energy Information Administration (EIA) forecasts that generation from natural gas-fired power plants in the U.S. electric power sector will decline by about 8% in 2021. This decline would be the first annual decline in natural gas-fired generation since 2017. Forecast generation … [Read more...] about EIA forecasts less power generation from natural gas as a result of rising fuel costs
Fossil fuel production expected to increase through 2022 but remain below 2019 peak
In 2020, fossil fuel production in the United States declined by an estimated 6% from the 2019 record high of 81.3 quadrillion British thermal units (Btu). Based on forecasts in the U.S. Energy Information Administration's (EIA) January 2021 Short-Term Energy Outlook (STEO), EIA expects total production of fossil fuels in the United States to remain flat in 2021 as increased … [Read more...] about Fossil fuel production expected to increase through 2022 but remain below 2019 peak
U.S. oil and natural gas production to fall in 2021, then rise in 2022
January 14, 2021 In its January 2020 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that annual U.S. crude oil production will average 11.1 million b/d in 2021, down 0.2 million b/d from 2020 as result of a decline in drilling activity related to low oil prices. A production decline in 2021 would mark the second consecutive year … [Read more...] about U.S. oil and natural gas production to fall in 2021, then rise in 2022
EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022
January 13, 2021 In its January 2021 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that the annual natural gas spot price at the Henry Hub will rise 0.98¢ per million British thermal units (MMBtu) to average $3.01/MMBtu in 2021. EIA expects higher natural gas prices will prompt dry natural gas production to increase in the … [Read more...] about EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022
Nuclear and coal will account for majority of U.S. generating capacity retirements in 2021
January 12, 2021 According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric generators, 9.1 gigawatts (GW) of electric generating capacity is scheduled to retire in 2021. Nuclear generating capacity will account for the largest share of total capacity retirements (56%), followed by coal (30%). Nuclear. At 5.1 GW, nuclear capacity … [Read more...] about Nuclear and coal will account for majority of U.S. generating capacity retirements in 2021