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Europe: +44 (0) 207 198 1634 Source: U.S. Energy Information Administration, based on Natural Gas Intelligence Natural gas spot prices in 2015 at the Henry Hub in Louisiana, a national benchmark, averaged $2.61 per million British thermal unit (MMBtu), the lowest annual average level since 1999. Daily prices fell below $2/MMBtu this year for the first time since 2012. Henry Hub […]
Source: Bloomberg L.P. The energy component of the widely followed S&P Goldman Sachs Commodity Index (GSCI) fell 41% from the start of 2015, a larger decline than the industrial metals, grains, and precious metals components, which declined 24%, 19%, and 11%, respectively, in 2015. Weakness in global economic growth contributed to the overall decline in […]
HOUSTON — Investment research group Morningstar said Tuesday that the oil glut and low prices are likely to last at least through next year. “Declining U.S. oil production over the next several quarters will help reduce global oversupply, but in our opinion, that alone cannot quickly fix the current global imbalances, signaling an extended downturn […]
In the spring of 2009, in the depths of the Great Recession, the commercial photographer Jamey Stillings was having a hard time. The work had dried up at his Santa Fe, N.M., studio, so he decided to shift gears and put his energies in a different direction. Mr. Stillings had survived recessions before, so he […]
Congressional negotiators announced late Tuesday evening that a deal has been reached on the long-awaited government spending bill. Included in the $1.1 trillion bill are provisions to lift the 40-year-old ban on the export of crude oil finally bringing an end to the heavily debated issue. In exchange for lifting the ban, Democrat legislators won […]
One of the fastest growing but barely covered areas in the sports industry is facility operators’ gradual movement from old fashion metal halide lighting to state-of-the-art LED (Light Emitting Diode) lighting. It was once believed that lighting large venues with LED was an impossibility. In 2015, an estimated 90% of facility operators who installed a […]
Wind generation in November blew through a 31-month-old record share of total energy in the Electric Reliability Council of Texas, a new report shows, and an expert said it contributed to ERCOT’s low on-peak power prices that month. Wind farms supplied 18.4% of the independent system operator’s total load in November, compared with October’s 12.3%, […]
LE BOURGET, France — With the sudden bang of a gavel Saturday night, representatives of 195 nations reached a landmark accord that will, for the first time, commit nearly every country to lowering planet-warming greenhouse gas emissions to help stave off the most drastic effects of climate change. The deal, which was met with an […]
Solar farms in California. California’s “million solar roof” program mirrored Germany’s “hundred-thousand solar roof” initiative that began a few years ago. Credit Monica Almeida/The New York Times PARIS — One is a European country known as “the powerhouse of Europe” that struggles against soggy winters and seemingly endless gray skies. The other is a digitally […]
Source: U.S. Energy Information Administration, State Heating Oil and Propane Program The U.S. Energy Information Administration’s State Heating Oil and Propane Program (SHOPP) collects state-level residential heating oil and propane price data in 38 states during the winter heating season. SHOPP is a joint effort between EIA and state energy offices in regions (especially states […]
