Void Chronicle
  • Home
  • Finance
    • Personal Finance
    • Banking
  • Crypto
  • Energy
  • Markets
  • Medical
  • Political
  • Technology
No Result
View All Result
  • Home
  • Finance
    • Personal Finance
    • Banking
  • Crypto
  • Energy
  • Markets
  • Medical
  • Political
  • Technology
No Result
View All Result
Void Chronicle
No Result
View All Result
Home Energy

U.S. Energy Risk Seen at Lowest Level in 50 Years, Thanks to Lower 48 Oil, Natural Gas Reserves

VC by VC
November 1, 2020
in Energy
0
U.S. Energy Risk Seen at Lowest Level in 50 Years, Thanks to Lower 48 Oil, Natural Gas Reserves
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

On the power of home oil and fuel manufacturing, final yr noticed america benefit from the biggest stage of power safety since at the least 1970, based on a report printed Wednesday by the U.S. Chamber of Commerce’s World Vitality Institute (GEI).

Within the 2020 edition of its annual Index of U.S. Vitality Safety Danger, the group discovered that, primarily based on 37 totally different metrics, together with geopolitical, financial, reliability, and environmental threat elements, its measure of total home power threat has declined greater than 30% since 2011’s file excessive threat rating of 100.9, to 70.1 in 2019.

The institute attributed the enhancements in power safety primarily to the rise in home power manufacturing from U.S. shale sources through hydraulic fracturing, horizontal drilling and seismic imaging applied sciences. Improved effectivity has additionally performed a job.

EA Builder

Twenty-one totally different metrics used within the index confirmed declines of at the least 1% in 2019, and 9 of the metrics fell to new lows final yr. Many of the declining threat stemmed from drops in metrics related to gas imports, based on the report.

“Metrics measuring oil and pure fuel import expenditures” as a share of gross home product “and petroleum imports dropped between 75% and 86% and approached zero in 2019,” the authors wrote. “…File-high output of oil and fuel from shale formations has turned imports from an power safety weak spot to power.”

The report comes with the caveat that it covers the interval from 1970 to 2019 and doesn’t mirror adjustments attributable to Covid-19. Efforts to manage the unfold of the virus decimated oil prices earlier this yr and prompted a precipitous drop in drilling exercise within the U.S. onshore. As of the top of final week, the U.S. rig rely was down 65% year/year, based on Baker Hughes Co.

In a preface of the report, the authors stated it could be “untimely to say how the financial slowdown and accompanying plunge in power demand will have an effect on America’s power safety going ahead.” Subsequent yr’s report will mirror adjustments ensuing from the pandemic, based on the group.

“This yr’s Index exhibits that, previous to the Covid-19 pandemic, U.S. power safety was in one of the best place it’s been over the last 50 years,” GEI president Marty Durbin stated. “Since 2011, we’ve gone from importing practically a fifth of our power provide to producing barely extra power than we devour total, all whereas protecting costs low and emissions in test.

“…The response to Covid-19 will current huge challenges within the coming years, however we count on the U.S. power sector to stay robust and resilient.”



Source link

VC

VC

Related Posts

Beam Global Announces 12% Increase in Energy Output from EV ARC™ Solar-Powered EV Charging System Nasdaq:BEEM
Energy

Beam Global Announces 12% Increase in Energy Output from EV ARC™ Solar-Powered EV Charging System Nasdaq:BEEM

February 25, 2021
Altus Power America is Completing First Solar + Energy Storage System
Energy

Altus Power America is Completing First Solar + Energy Storage System

February 24, 2021
Biden to mark America’s 500,000 virus deaths; Texans’ sky-high energy bills; Garland gets a hearing | National News
Energy

Biden to mark America’s 500,000 virus deaths; Texans’ sky-high energy bills; Garland gets a hearing | National News

February 22, 2021
Next Post
‘I got Bitcoin!’ — trick-or-treaters rewarded with crypto

‘I got Bitcoin!’ — trick-or-treaters rewarded with crypto

Fourth Industrial Revoluton will Lead to “Profound” Shift in Key Banking Processes, Service Providers Must Respond Effectively to Survive: Report

Fourth Industrial Revoluton will Lead to "Profound" Shift in Key Banking Processes, Service Providers Must Respond Effectively to Survive: Report

Personal

Global Personal Finance Software Market (2020-2026) | Latest COVID19 Impact Analysis | Know About Brand Players: BUXFER, Quicken, The Infinite Kind, YNAB, Alzex software, etc.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow us on Facebook

Recommended

Dow on Track to Wrap Up Worst Month Since March

Dow on Track to Wrap Up Worst Month Since March

4 months ago
NM at an energy crossroads » Albuquerque Journal

NM at an energy crossroads » Albuquerque Journal

2 months ago
Impact of Covid-19 on Greek Yogurt Market Study an Emerging Hint of Opportunity in 2020-2026 with Profiling Key Players – Chobani, Fage, Yoplait, Stonyfield

Impact of Covid-19 on Greek Yogurt Market Study an Emerging Hint of Opportunity in 2020-2026 with Profiling Key Players – Chobani, Fage, Yoplait, Stonyfield

3 months ago
Why the CDC’s moratorium on evictions won’t solve America’s looming $100 billion rental crisis and mortgage rates remain near record lows

Key moments that rocked — and then repaired — the stock market in 2020

2 months ago

Categories

  • Banking
  • Crypto
  • Energy
  • Finance
  • Markets
  • Medical
  • Personal Finance
  • Political
  • Technology
  • Uncategorized
No Result
View All Result

Subscribe to Our Newsletter

Highlights

Beam Global Announces 12% Increase in Energy Output from EV ARC™ Solar-Powered EV Charging System Nasdaq:BEEM

Multi-Family Market Sentiment Continues to Be Mixed | Allen Matkins

Chinese banks, Australia’s Macquarie tiptoe into Asian oil finance void

4 Strategies To Minimize Your RMDs | Personal Finance

How major banks fare when it comes to denying Black applicants

Conn. Medical Examiner Says Office Identified Many COVID-19 Deaths – NBC Connecticut

Trending

Yahoo Finance
Personal Finance

Zabo Partners with Money Dashboard to Support Cryptocurrency Wallets in UK’s Leading Personal Finance App

by VC
February 25, 2021
0

BloombergBuffett’s Letter to Break Months of Silence Amid Tumult in U.S.(Bloomberg) -- Whereas 2020 raged, Warren...

Quantum Computing Market with COVID-19 Impact Analysis by Offering, Deployment, Application, Technology, End-use Industry and Region – Global Forecast to 2026 – ResearchAndMarkets.com

Global Sperm Bank Market Share, Size, Trends, Industry Analysis 2021 by Service Type, Donor Type, End-Use, Regions – Forecast to 2028 – ResearchAndMarkets.com

February 25, 2021
Crypto unicorn Coinbase files to go public on Nasdaq

Crypto unicorn Coinbase files to go public on Nasdaq

February 25, 2021
Beam Global Announces 12% Increase in Energy Output from EV ARC™ Solar-Powered EV Charging System Nasdaq:BEEM

Beam Global Announces 12% Increase in Energy Output from EV ARC™ Solar-Powered EV Charging System Nasdaq:BEEM

February 25, 2021
Multi-Family Market Sentiment Continues to Be Mixed | Allen Matkins

Multi-Family Market Sentiment Continues to Be Mixed | Allen Matkins

February 25, 2021

Categories

  • Banking
  • Crypto
  • Energy
  • Finance
  • Markets
  • Medical
  • Personal Finance
  • Political
  • Technology
  • Uncategorized
November 2020
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« Oct   Dec »

Recent Posts

  • Zabo Partners with Money Dashboard to Support Cryptocurrency Wallets in UK’s Leading Personal Finance App
  • Global Sperm Bank Market Share, Size, Trends, Industry Analysis 2021 by Service Type, Donor Type, End-Use, Regions – Forecast to 2028 – ResearchAndMarkets.com
  • Crypto unicorn Coinbase files to go public on Nasdaq
  • Beam Global Announces 12% Increase in Energy Output from EV ARC™ Solar-Powered EV Charging System Nasdaq:BEEM
  • Multi-Family Market Sentiment Continues to Be Mixed | Allen Matkins
  • Home
  • Privacy And Policy
  • About Us
  • Contact Us

© 2020 - News Website Voidchronicle.

No Result
View All Result
  • Home
  • Finance
    • Personal Finance
    • Banking
  • Crypto
  • Energy
  • Markets
  • Medical
  • Political
  • Technology

© 2020 - News Website Voidchronicle.