At those times where economic growth exceeds the long term equilibrium there is an increase in energy demand and a related increase in energy prices. Conversely, those periods of time when economic growth falls below the long-term equilibrium line coincides with energy price spikes and subsequent ...
The prices for a litre of various grades of gasoline are displayed on a pump at a Shell gas station in Vancouver on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck Police and small retailers are preparing for an increase in “gas-and-dash” thefts as gasoline prices acr...
In 2022, the residential sector witnessed an increase in natural gas prices higher than 2008, while natural gas prices for other sectors were still lower despite increases in average natural gas prices for those sectors. Meanwhile, consumption of natural gas has increased more than any other fuel...
The first instance of natural gas successfully being stored underground occurred in Ontario, Canada, in 1915. This storage facility used a depleted natural gas well that had been reconditioned into a storage field. In the United States, the first storage facility was developed just south of Buffal...
Much was made about an anticipated rise in demand for oil from China as its economy reopened following strict COVID-19 measures, but that increase never happened. But experts say that doesn’t mean it couldn’t still play a role in the coming months. ...
To meet 2030 demand, including replacing retiring coal-generated power, we estimate that the United States will need to increase electric supply by about 1,000 terawatt hours, approximately half of which will be new natural gas generation. The planned...
(steam conversion) or with a steam-oxygen mixture in shaft-type units under low pressure (1.5–2.0 kilograms-force per sq cm [kgf/ cm2], or 0.15–0.2 meganewtons per sq m [MN/m2];seeauto-thermal conversion in Table 1) and under high pressure (20–30 kgf/cm2, or 2–3 MN/m2)....
While drilling activity targeting natural gas across Canada and the U.S. has decreased by approximately 15 per cent year-over-year, British Columbia has seen drilling activity continue to increase. The primary driver for this increase is the need to develop supply for future LNG expor...
Why and where these reductions take place will depend upon the state of electrical generation in each province: Discussion NRTEE’s proposed electric future requires a marked increase in electric production by 2020 and 2050, as shown in Table 13. The previous sections have showed that by 2020,...
With this increase has come a corresponding increase in protests over the use of fracking because of its environmental effects. (Alexhg1/Dreamstime) 2000s Japan leading importer of LNG Japan is the world’s leading importer of LNG, followed by the United States, Spain, and South Korea. 2001...