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EIA: US fossil fuel consumption fell by 9% in 2020, the lowest level in nearly 30 years

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In 2020, total consumption of fossil fuels in the United States, including petroleum, natural gas, and coal, fell to 72.9 Petroleum products, including motor gasoline, distillate fuel oil (diesel), and hydrocarbon gas liquids (HGLs), accounted for 44% of US fossil fuel consumption in 2020.

2020 418
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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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Low global oil inventories coupled with continued high demand for gasoline, diesel, and other petroleum products means that increased production likely won’t have much impact on prices in the short term. EIA forecasts that retail sales of electricity to the industrial sector will grow by 2.8% in the commercial sector.

Oil 344
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EPA GHG Inventory shows US GHG down 1.7% y-o-y in 2019, down 13% from 2005

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The US Environmental Protection Agency (EPA) released its 28 th annual Inventory of US Greenhouse Gas Emissions and Sinks (GHG Inventory), which presents a national-level overview of annual greenhouse gas emissions from 1990 to 2019. CO 2 emissions decreased 2.2% from 2018 to 2019. Total GHG emissions in 2019 were up 1.8% Source: EPA.

2005 418
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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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In 2019, CO 2 emissions from petroleum fuels—nearly half of which are associated with motor gasoline consumption—fell by 0.8%, and CO 2 emissions from the use of natural gas increased by 3.3%. The United States now emits less CO 2 from coal than from motor gasoline.

2019 273
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EIA expects annual US crude oil production to surpass pre-pandemic levels in 2023

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We expect that as crude oil production increases, inventories will begin to replenish and help push prices lower for gasoline, jet fuel, and other products in the short term. EIA forecasts that US commercial crude oil inventories will reach 465 million barrels at the end of 2023—about 11% more than inventories at the end of 2021.

Oil 199
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EIA projects US energy-related CO2 emissions to remain near current level through 2050; increased natural gas consumption

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In the United States, emissions associated with the consumption of petroleum fuels—motor gasoline, distillate, jet fuel, and more—have consistently made up the largest portion of CO 2 emissions. Natural gas surpassed coal to become the most prevalent fuel used to generate electricity in the United States in 2016.

Gas 220
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Feasibility study concludes Arckaringa coal-to-methanol project could be viable addition to CTL

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A Technical Feasibility Study (TFS) for a coal-to-methanol (CTM) plant based on the Arckaringa coal resources in Australia has concluded that CTM could be a viable project capable of augmenting the Bankable Feasibility Study (BFS) for Altona Energy’s Arckaringa Clean Energy CTL (coal-to-liquids) and Power Project in South Australia.

Coal 186