According to the EIA for 2024, the U.S. plans to install double the amount of solar power it did last year and increase total battery storage capacity by 50 percent. More than 80% of new Electric-Generating Capacity added to the U.S. Grid will come from solar and battery storage…
The situation couldn’t be worse for the U.S. Shale Gas Industry as the natgas price Plunges to a 25-year low. With Europe and the U.S. Natgas Inventories hitting the highest levels in the past five years, this has caused the natural gas price to fall to $1.61 today…
As forecasted, the U.S. Natgas price has now fallen below the $2 level and will likely continue even lower. Unfortunately, the ENERGY CLIFF is impacting the Natgas Market the most as the U.S. Henry Hub price is now falling below the total cost of production…
While Natgas prices were extremely volatile last week, they continue to remain at yearly lows. So, what’s next for the Energy Market heading into 2024? With petroleum demand beginning to weaken in the United States, it could set up for lower prices in the next few quarters…
While the world recently celebrated the United States for hitting a new record high in crude oil production, there seem to be some accounting irregularities at work. How so? Out of the blue, U.S. crude oil production began to surge in July, reaching a stunning 13.3 million barrels per day…
While the market applauds record U.S. oil production surpassing Saudi Arabia and Russia, how sustainable is this supply? Also, what is happening with the critical U.S. diesel supply and inventories? And how would a recession impact U.S. fuel consumption in 2024…