Choice! Energy Management firmly believes in Harry Truman’s quote “Not all readers are leaders, but all leaders are readers.” Choice!’s energy analysts are always staying on top of the market by reading the latest industry news articles. If Choice! finds an interesting one, it makes sure to post here to share with its clients.
Oil Slides Further Into Bear Market After Trump Decries Output Cuts
U.S. benchmark oil prices slid more than 4% Tuesday to their lowest intraday level this year, on track for a record 12th straight session of declines in a selloff driven by fears of soaring global production and weakening demand. Light, sweet crude for December delivery was recently 4.4% lower at $57.30 a barrel on the […]
Special report: The Northeast premium
States in the Northeast are bracing themselves for yet another winter that may test the energy grid. From New York to Maine, the lacking natural gas infrastructure will have a huge impact on consumers’ natural gas and power prices this winter, write Chris Amstutz, Risk Management Associate, and Matthew Mattingly, Director of Natural Gas Services, […]
4 state ballot initiatives the utility sector will watch on Election Day
Across the United States, the general trend is toward clean energy resources and away from carbon-emitting generation. But in some states there is a sense that regulators and utilities are not moving fast enough — leading to ballot initiatives that could abruptly change the course of state policy. Next week at the polls, Arizona and […]
In Win for Trump, Merkel Changes Course on U.S. Gas Imports
BERLIN—Chancellor Angela Merkel has offered government support to efforts to open up Germany to U.S. gas, a key concession to President Trump as he tries to loosen Russia’s grip on Europe’s largest energy market. Over breakfast this month, the chancellor told a small group of lawmakers her government had decided to co-finance the construction of […]
What’s Next For Oil Prices?
Oil prices rallied last week to their highest level since November 2014, with Brent Crude hitting $86 and WTI Crude rising above $75 a barrel at one point in the middle of the week. Uncertainty has been the buzzword in the oil market over the past couple of months. On the supply side, there’s uncertainty about how much […]
Why U.S. Electricity Sales Surged In 2018
Sales of electricity in the U.S. have barely increased despite nine straight years of economic growth. It almost looks as if the conservation ethos for American consumers has finally taken hold. That restraint also applies to large commercial and industrial customers as well. And foreign consumers seemed even less interested in plugging in. A discouraging […]
How Chinese Tariffs Will Hurt U.S. LNG
“It’s not a big deal,” Tellurian founder Charif Souki recently told CNBC’s Jim Cramer when asked about the danger of China slapping 25-percent tariffs on U.S. LNG. “If they impose tariffs on American gas, all that means is we’ll receive different gas,” Souki added. This may be good for Tellurian, but here’s a question: how is this […]
Are High Oil Prices Starting To Hurt Wind Power?
The U.S. uses very little oil to generate electricity, but our energy sectors are inextricably connected, so changes in one often affects others. For example, we are starting to see the rumblings of how the price of oil might affect wind indirectly through natural gas prices. Last Thursday, the Public Utility Commission of Texas (PUCT) dealt […]
Pruitt departure could boost Trump deregulatory agenda at EPA
Pruitt’s departure will likely mean a less scandal-prone EPA that could be more effective at carrying out Trump’s deregulatory agenda, former agency officials and energy lawyers said. “I don’t think we’ll see any big shifts in policy,” said Jeffrey Holmstead, who served as an assistant administrator for EPA’s Air and Radiation Office under George W. […]
Is the Bright Future of U.S. Natural Gas Under Threat?
This week’s World Gas Conference in Washington hosted a bunch of upbeat natural gas executives and analysts that expect an exceptionally bright future for the bridge fuel of the future, as natural gas is commonly called these days. With forecasts that U.S. production of natural gas could grow by 60 percent over the next 20 […]