Energy resource permanent funds vary by purpose and state

Taxation of coal, crude oil, and natural gas production presents opportunities for states to collect revenue as nonrenewable resources are produced. Natural resource permanent funds are revenues earned from taxing the extraction of energy resources and are set aside by national, state, and local governments for strategic or long-term use More »

U.S. energy demand slows except for industrial, commercial sectors

U.S. energy consumption has slowed recently and is not anticipated to return to growth levels seen in the second half of the 20th century. EIA's Reference case projections in the Annual Energy Outlook 2015 show that domestic consumption is expected to grow 0.3% per year through 2040, less than half the rate of population growth. Energy used in homes is flat, and transportation consumption declines slightly, meaning that energy consumption growth will be concentrated in U.S. businesses and industries. More »

Projections show U.S. becoming a net exporter of natural gas

In its recently released Annual Energy Outlook 2015, EIA expects the United States to be a net natural gas exporter by 2017. Increased availability of domestic gas or higher world energy prices each increase the gap between the cost of U.S. natural gas and world prices that encourages exports of liquefied natural gas, and, to a lesser extent, greater exports by pipeline to Mexico. More »

Floating LNG regasification is used to meet rising natural gas demand in smaller markets

Floating regasification is a flexible, cost-effective way to receive and process shipments of liquefied natural gas (LNG). Floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities are built. More »

EIA report highlights top 100 U.S. oil and natural gas fields

The top 100 oil fields in the United States accounted for 20.6 billion barrels of crude oil and lease condensate proved reserves, or 56% of the U.S. total in 2013. The top 100 natural gas fields accounted for 239.7 trillion cubic feet of natural gas proved reserves, 68% of the U.S. total. Proved reserves are defined as estimated quantities of oil and natural gas that analysis of geologic and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions. More »

Oil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014

While Yemen is not a major oil-producing country, its coast borders the Bab el-Mandeb Strait, a narrow chokepoint between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and petroleum product shipments to Europe and North America, as well as European and North African oil exports to Asia. Although the strait is 18 miles wide at its narrowest point, tankers passing through must use two 2-mile-wide shipping channels. More »