Tag: US oil
U.S. EIA Extends 5 Key Energy Forecasts through December 2026
In our January 2024 Short-Term Energy Outlook, which includes data and forecasts through December 2026, we forecast five key energy trends that we expect will help shape markets over the next two years. Electricity consumption will start growing, driven by new demand sources After almost two decades of relatively little … [continued]
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China’s EV Export Era Is A Bigger Geopolitical Move Than We Normally Acknowledge
It’s clear to anyone following the global EV market — the Chinese EV market is much bigger than any other EV market (it accounts for about 50% of the global EV market all by itself), Chinese EV producers now absolutely dominate their home market, and some of those Chinese EV … [continued]
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Oil & Gas Frackers Love New Enhanced Geothermal Energy Systems
The emerging field of enhanced geothermal energy is providing oil and gas frackers with an opportunity to use their power for decarbonization, not extraction.
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What Are The Implications Of $66/kWh Battery Packs In China
The Power Construction Corporation of China drew 76 bidders for its tender of 16 GWh of lithium iron phosphate (LFP) battery energy storage systems (BESS), according to reports. Bids averaged $66.3/kWh, with 60 bids under $68.4/kWh. The tender, covering supply, system design, installation guidance, 20-year maintenance, and safety features, targets … [continued]
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Oil Consumption Growth Trends in China, India, & USA — Is 2025 Forecast Accurate?
The US Energy Information Administration put out an interesting article today. The headline focused on growth of oil consumption in India compared to China — “India to surpass China as the top source of global oil consumption growth in 2024 and 2025.” I sat looking at the chart for several … [continued]
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