• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 2 days China deletes leaked stats showing plunging birth rate for 2023
  • 3 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 8 days Bad news for e-cars keeps coming
Editorial Dept

Editorial Dept

More Info

Confidence And Cash Return To Oil

Oil Rigs

Friday, October 14 2016

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Solar threatens utilities

(Click to enlarge)

- Solar installations are rising quickly, on the back of falling costs and federal incentives that have been extended through the end of the decade.
- Texas is expected to see 4 GW of solar installed by 2020, according to Bloomberg New Energy Finance.
- Up until now solar has been a marginal player, but the sharp rise in expected installations will cut into peak electricity prices, generating the most power during the middle of the day when electricity prices are at their highest.
- Solar could lower power prices by $2.58 per megawatt-hour during peak demand hours by 2020, BNEF says.
- This “peak shaving” presents an enormous threat to the profits of power generators in Texas. The deregulated market leaves generators with very little protection, so solar could put plants out of business.

2. Energy CO2 emissions at 25-year low

(Click to enlarge)

- U.S. carbon dioxide emissions from the energy sector hit a 25-year low in the first six months of 2016, according new data from the EIA.
- CO2 emissions dropped to 2,530 million metric tons, the lowest level since 1991. The reasons…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News