Posts Tagged ‘environmental consulting’

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.

 

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Renewable Energy News: The Current State of Geothermal Energy in the U.S.

Sunday, September 23rd, 2012

In its simplest form, geothermal energy is heat from the Earth. This clean and renewable energy source is harnessed commercially and converted into electricity. And while geothermal energy use accounts for just 1% of the total United States electric production, with a current installed capacity of 3,187 MW spread throughout nine states, geothermal use has grown by 3% annually over the past 10 years.

The future of geothermal energy is bright and for good reason. Unlike other renewable energy resources, like wind and solar power, geothermal energy has far fewer variables. While wind power and energy power are affected by nature, geothermal energy is available twenty-four hours a day, seven days a week, 365 days a year.

Geothermal power is economically attractive, as well. Geothermal electricity is the lowest cost renewable power source around, providing long-term fixed power prices. Oh, and did we mention that geothermal energy can also help reduce the U.S. dependence on foreign fuels?

Still, despite all of its benefits, geothermal energy is a very small piece of the U.S. energy puzzle. But that could change in the near future…

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:

Geothermal Energy

Benefits of Geothermal Energy

A feed-in rate, geothermal power and how to finance it

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