Now, in addition to serving those purposes, natural gas storage is also used by industry participants for commercial reasons; storing gas when prices are low, and withdrawing and selling it when prices are high, for instance. The purpose and use of storage has been closely linked to the ...
The U.S. is facing a mounting energy challenge. Electricity demand is set to double by 2050, driven by population growth, industrial electrification, and the clean energy transition. Yet, the existing grid is already strained, and electricity prices are continuing to... ...
As 2024 draws to a close, oil prices remain in the headlines. What will 2025 hold for oil supply, demand, and prices? This year, rising oil production in the Western Hemisphere and weakening demand in China have weighed on prices. After years of cutting production, members of the Organizati...
With the possible exceptions of OPEC and maybe Russia there are not any companies or countries with a big enough share of the oil market to control prices. OPEC and Russia could hold back and cause a run up in prices.BUT I doubt either could produce enough to force prices down very much...
The widespread use of fracking in the United States began in 2007 and heralded a boom in energy production in the country. In the decade that followed its natural gas output rose 40 per cent, prices fell by more than two thirds and America went ...