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EIA expects significant increases in US wholesale electricity prices this summer

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The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas.

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Argonne study finds rare earth supply disruptions can have long-range impacts

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Disruptions to this supply can have wide-ranging consequences, but the understanding of how those disruptions play out in global markets is limited. A variety of disruptive events can affect the supply of rare earth materials, including natural disasters, labor disputes, construction delays and a pandemic. Causes of supply disruptions.

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EIA expects continued high prices for diesel and home heating oils

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The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. Inventories are just one part of the supply equation for diesel and other distillates. EIA forecasts Russia will produce 9.3

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production. per gallon in 2023 and $3.10

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Tesla led the EV market closer to ICE price parity in 2023: Cox

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Sticker prices on electric vehicles (EVs) continued to trend downward in 2023 toward price parity with gas cars, as led by price cuts from market leader Tesla. The data shows that the average sticker price of a Tesla dropped throughout the year to reach $50,051 in December.

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EIA: US LNG exports grew to record highs in the first half of 2021

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US exports of liquefied natural gas (LNG) continued to grow in the first six months of 2021, averaging 9.6 US LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather. billion cubic feet per day (Bcf/d).

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IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

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A typical electric car requires six times the mineral inputs of a conventional car, and an onshore wind plant requires nine times more mineral resources than a similarly sized gas-fired power plant. The expansion of electricity networks also requires a huge amount of copper and aluminum. Source: IEA. Source: IEA. Source: IEA.

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