Archive for the ‘Domestic Energy Supplies’ Category

The State of the Union Address, Energy Consumption, and Environmental Impact

Thursday, February 21st, 2013

Obama’s State of the Union Address sparked continued discussion of energy reform and the ongoing debate about climate change. Here’s our rundown on what the president has proposed as a part of his agenda this past Tuesday.

- Obama called Congress to action to issue legislation that seeks to quash carbon pollution while promoting the production of clean energy.

- Taking the energy crisis and rising environmental concerns seriously, Obama expressed his intention to develop executive actions in conjunction with his cabinet to make strides in reducing pollution, dealing with the effects of climate change, and rapidly evolving the sustainable energy market.

- Talk of an Energy Security Trust is in the works, which would use revenue from federal oil and gas production to fund research and technology to end the need to use oil as automotive fuel.

- Obama also announced his intention to promote the development of cleaner-burning natural gas with Congress’ help in order to protect the environment.

Whatever may happen in the upcoming term in terms of advancements in energy and environmental care, one thing’s for sure: you don’t have to wait until legislation is made to keep up with more sustainable energy practices. The energy consultants at CQI can help public and private clients alike to optimize energy consumption, reduce environmental liability, seek out renewable energy sources, and more.

To learn more about our services, please contact CQI Associates by calling 410-740-0667 or visit CQIAssociates.com today!

You can also follow us on FacebookTwitterLinkedIn, and Google+

Sources:

In State of the Union Obama Targets Energy, Climate

Bookmark and Share

Renewable Energy News: The Current State of Hydropower in the United States

Friday, November 2nd, 2012

Hydropower, which is, for those of you who don’t know, the use of moving water to generate electricity, is currently the largest source of renewable-generate electricity in the United States. Hydropower accounted for 63% of all renewable-generated energy in 2011, a 13.9% increase over the previous year. But could hydropower be on the decline? Experts say yes.

Hydropower use has fallen by 0.4 quadrillion Btu this year, representing a 13.9% decrease compared to 2011.

renewable energy consumption

However, the decline in hydropower use is not necessarily a bad thing. The primary reason for the drop in usage is due to the growth of other renewable energy forms, such as wind power and geothermal electricity.

The History of Hydropower in the United States

Hydropower is nothing new to the world, with the first hydroelectric power plant being built in 1879 at Niagara Falls. And just three years later, in 1882, the first hydroelectric power plant was constructed and began operation in the United States in Appleton, Wisconsin.

Since this day, hydropower has played a small, yet important role in the overall energy production in the U.S. and remains one of the cheapest ways to produce electricity.

The Current State of Electricity Prices in the United States

The United States Energy Information Association (EIA) reported average residential electricity prices across the U.S. at 12.10 cents per kilowatt hour in September 2012, the last month they released data. This number is expected to drop slightly once the numbers for October 2012 are calculated. And the average residential electricity price for 2012 is projected at 11.84 cents per kilowatthour, a 0.4% increase compared to 2011.

renewable energy use

This winter, with temperatures expected to be 13% colder than last year, EIA expects U.S. electricity prices to rise slightly compared to 2011, 5%.

Of course, all of the numbers above are national averages and can vary depending on where you live.

To learn more, please contact CQI Associates by calling 410-740-0667 or visit CQIAssociates.com today!

CQI Associates has saved our public and private commercial clients well over $1,500,000,000 based on our energy and environmental program and project saving recommendations.

You can also follow us on Facebook, Twitter, LikedIn, and Google+.

Image Source

Bookmark and Share

Renewable Energy News: Current Natural Gas Supply and its impact

Friday, October 5th, 2012

The natural gas market is one of constant flux. As we will explain throughout this blog, the state of natural gas changes on a weekly basis. According to the most recent industry reports, natural gas supply is up, but demand is down.

The Current State of Natural Gas in the United States

Marketed Production Levels: United States marketed natural gas production flattened in 2012 (see graph below). This is mainly in response to historically low natural gas prices. Still, production levels remain at all-time highs. Marketed natural gas production set a record high From January to July 2012, averaging 68.9 billion cubic feet per day (Bcf/d). This represented a 5.9% increase over 2011.

Storage Levels: According to the latest reports, natural gas storage levels are at 3,576 Bcf (billion cubic feet), representing historical highs. And these highs are only expected to increase by the end of October. In fact, the U.S. Energy Information Administration (EIA) estimates inventory levels will reach 3,950 Bcf, a new end-of-October record, according to EIA’s Short-Term Energy Outlook (STEO).

Current Prices: Natural gas currently sits around $2.92 per million British thermal units (MMBtu), averaging average $2.65 per MMBtu so far throughout 2012, according to EIA’s STEO.

Demand: According to the EIA, natural gas consumption declined by 5.2% last week compared to the week before. Still, natural gas demand is up 5.1% compared to the parallel week in 2011.

What this means for you: With storage levels higher than ever and prices near historic lows, homeowners using natural gas are expected to experience reduced costs this winter.

To learn more, please contact CQI Associates by calling 410-740-0667 or visit CQIAssociates.com today!

CQI Associates is a leader in energy and environmental consulting.

As a leader in the business and residential energy market, CQI Associates manages Commercial and Residential Energy Cooperatives in Maryland, Washington DC, Delaware, and Illinois. Our goal is to provide energy and environmental management services that allow our clients to increase profitability by minimizing operating costs.

We custom-tailor our services to suit each and every customer’s unique needs, a proven method that has produced significant results. We save the average customer 8–15% on an annual basis.

You can also follow us on Facebook, Twitter, LikedIn, and Google+.

Sources:

Natural Gas Supply

Natural Gas Weekly Update

Will Natural Gas Bounce Back after its Recent Tumble?

Image Sources:

Graph 1: U.S. Energy Information Administration, Natural Gas Monthly

Graph 2: U.S. Energy Information Administration based on Bloomberg, L.P.

 

Bookmark and Share

World Energy News: United States Domestic Energy Supplies

Friday, September 14th, 2012

The United States recently found itself in unfamiliar waters with an abundance of new domestic energy supplies. Not only has domestic oil production grown by 20% over the last five years, producing one million more barrels per day in 2012 than in 2007, but natural gas is now so plentiful and cheap (averaging $.595 per therm in July) that it could help relieve some of the country’s dependence on foreign oil.

Last month alone, the United States imported 337 Million barrels of oil from foreign countries, sending 34.6 billion dollars overseas.

“As we recover from this recession, the transition to clean energy has the potential to grow our economy and create millions of jobs – but only if we accelerate that transition.

The Current State of Natural Gas in the United States as of September 7th 2012

It was reported that at the end of last week, U.S. natural gas inventories expanded by 26 billion cubic feet (0.8%) to 3.428 trillion cubic feet as the result of increased demand brought on by high temperatures. Energy Department data shows that electricity generators account for 36% of U.S. gas consumption.

“Ongoing production losses due to Hurricane Isaac were one limiting factor on storage injections for last week, but cooling demand was stronger too,” said Tim Evans, an energy analyst at Citi Futures Perspective in New York. “With moderate temperatures anticipated over the next two weeks, storage injections will likely rebound to near average rates.”

To learn more, please contact CQI Associates by calling 410-740-0667 or visit CQIAssociates.com today!

CQI Associates is a leader in energy and environmental consulting.

As a leader in the business and residential energy market, CQI Associates manages Commercial and Residential Energy Cooperatives in Maryland, Washington DC, Delaware, and Illinois. Our goal is to provide energy and environmental management services that allow our clients to increase profitability by minimizing operating costs.

We custom-tailor our services to suit each and every customer’s unique needs, a proven method that has produced significant results. We save the average customer 8–15% on an annual basis.

You can also follow us on Facebook, Twitter, LikedIn, and Google+.

Sources:

Editorial: Natural gas production boom alters energy outlook

Monthly Oil Imports

Natural Gas Stockpile Gain Was Third of Normal, Analysts Say

Natural gas storage capacity up 3.3 pct: EIA

 

Bookmark and Share