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Energy Consulting News

The BUE news and events page will keep you updated on industry news and upcoming events.

Matthew Faulkner

Matthew Faulkner

Matthew Faulkner is an experienced business analyst focusing on the energy market. He grew up in West Seneca, NY, and holds a BA in Economics & Finance from Canisius College. His interests include microeconomics, contemporary literature, and fine dining. Subscribe to his energy market news for the latest energy market business analysis. He can be found on Google+ and reached via email.

Boom Pushes Investors to Focus on Natural Gas Vehicles

Posted by Matthew Faulkner
Matthew Faulkner
Matthew Faulkner is an experienced business analyst focusing on the energy market. He grew up in West Seneca, ...
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on Tuesday, 18 March 2014
in BUE

A recent article in the Los Angeles Times exhibited that businesses are gaining confidence in the idea of natural gas and have begun investing in vehicles that run on this up-and-coming energy source. With boosted domestic production, the Energy Information Administration (EIA) predicts that by 2040, production will climb by 56 percent from current levels. The projected abundance of natural gas will continue to follow demand and allow prices to remain lower than oil.

Natural gas makes economic sense for cars, according to T. Boone Pickens, who explained to the LA Times that "Natural gas is 75% cheaper than oil. It's cheap, clean, abundant and domestic." He believes his long-term investments in the commodity’s prospects will finally pay off.

Approximately 17,000 more natural gas vehicles are on the road today than in 2011, according to the trade group Natural Gas Vehicles for America. The U.S. has made way towards utilizing more natural gas, while other nations around the world claim to have over 1 million natural gas cars on the road.

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Pennsylvania Natural Gas Production Grows

Posted by Matthew Faulkner
Matthew Faulkner
Matthew Faulkner is an experienced business analyst focusing on the energy market. He grew up in West Seneca, ...
User is currently offline
on Tuesday, 11 March 2014
in BUE

In a recent issue of Today in Energy published by the US Energy Information Administration (EIA), it was reported that Pennsylvania’s natural gas production increased by over 70%, exceeding that of all other top natural gas producing states. Production data cited from the EIA’s Natural Gas Annual report revealed that Pennsylvania jumped to 3rd place in the ranking of the top ten natural gas producing states for 2012.

According to the EIA reports, preliminary data has shown that Pennsylvania may rise in the rankings again and leap to the 2nd spot amongst the top ten natural gas producing states. The utilization of the Marcellus shale is expected to sustain the growth in production.

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PUC of Ohio Releases Winter Weather Guide for Energy Use

Posted by Matthew Faulkner
Matthew Faulkner
Matthew Faulkner is an experienced business analyst focusing on the energy market. He grew up in West Seneca, ...
User is currently offline
on Thursday, 06 March 2014
in BUE

In a news release posted in late January, the Public Utilities Commission of Ohio (PUCO) warned Ohio’s energy consumers to remain cognizant of their energy use during the forecasted extreme winter weather.

Harsh winter cold this season has pushed demand for electricity and natural gas to record-setting levels. With the cold temperatures in the forecast this week, energy demand is expected to reach its peak mid-week as overnight temperatures will fall below zero degrees Fahrenheit.

The PUCO is warning customers to be aware of their energy use and its impact on their energy bills. Customers with high demand for both electricity and natural gas will most definitely see an increase in their utility bills.

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Residential Electricity Use Declines to Levels Unseen Since 2001

Posted by Matthew Faulkner
Matthew Faulkner
Matthew Faulkner is an experienced business analyst focusing on the energy market. He grew up in West Seneca, ...
User is currently offline
on Wednesday, 26 February 2014
in BUE

In a recent article published by the Associated Press, residential power consumption has declined in 2013 for the third consecutive year. Average annual electricity usage is less than 11,000 kWh per household, according to the Energy Information Administration (EIA).

Jonathan Fahey reports in a recent article that the present level of electricity consumption is at the lowest level since the year 2001. The article goes on to point out that “…the drop has occurred even though our lives are more electrified.”

The article speculates that the construction of more energy-efficient housing along with the development of efficient technologies have put the U.S. on track to a steady decline in power consumption. Newly built homes are better insulated allowing for homes to waste less energy. Additionally, government appropriations set forth by the Recovery Act were, likewise, specified for energy-efficiency in American homes.

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Power Sector’s Natural Gas Consumption Lower Compared to Last Year

Posted by Matthew Faulkner
Matthew Faulkner
Matthew Faulkner is an experienced business analyst focusing on the energy market. He grew up in West Seneca, ...
User is currently offline
on Friday, 21 February 2014
in BUE

In a recent issue of the US Energy Information Administration’s (EIA) daily newsletter, Today in Energy, the analytical administration explored natural gas consumption in two different sectors of the United States. The EIA observed some interesting changes between 2012 and 2013 when looking at the data.

In the article from December 4th, the EIA compared natural gas consumption by the electric power sector versus the industrial sector. Relatively higher natural gas (versus coal) prices, along with lower 2013 summer temperatures, pulled power sector consumption of natural gas lower versus the previous year. The higher price left the generation sector using a greater share of coal; however coal usage was still lower than previous years.

“Electric power plants are dispatched, or called into service, based on their variable cost of operation, which is determined by both the price of the power plant's fuel and the efficiency of the plant,” the article stated.

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