The National Oceanic and Atmospheric Administration said in areport issued yesterday that the 2000 hurricane season could be awhopper with 11 or more tropical storms, of which seven or morecould become hurricanes, with three or more classified as major.”The greatest influences in this forecast continue to be theon-going La Nina and a lesser-known climate phenomenon of warmerthan normal Atlantic Ocean temperatures that affect hurricaneactivity over very long time scales,” said NOAA Administrator D.James Baker. “La Ni¤a is defined by cooler-than-average sea-surfacetemperatures in the central and eastern tropical Pacific. Duringlast year’s hurricane season, La Ni¤a was bold, and clearlydefined, and gave forecasters more certainty. This year, La Ni¤a’send is in sight,” Baker said. “Even if La Ni¤a fades by August (asthe current forecast suggests), La Ni¤a’s remnants and otherinfluences will still likely bring more storms than usual,” headded.
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EIA Eyes Impact of IT Gas Contracts on Heating Oil Prices
The Energy Information Administration (EIA) is conducting asurvey of local distribution companies (LDCs) in four northeasternstates to determine the extent that interruptible natural gascontracts influenced home heating oil prices this winter.
Gas Takes Big Strides Worldwide
Gas wins big in the Energy Information Administration’s latestInternational Energy Outlook. The forecast calls for worldwide gasconsumption to increase 104% by 2020 from 1997 levels. Natural gasremains the fastest growing component of primary world energyconsumption.
Gas Takes Big Strides Worldwide
Gas wins big in the Energy Information Administration’s latestInternational Energy Outlook. The forecast calls for worldwide gasconsumption to increase 104% by 2020 from 1997 levels. Natural gasremains the fastest growing component of primary world energyconsumption.
EIA Remains Bullish on Gas
In the latest of a string of bullish reports for the gasindustry, the Energy Information Administration’s (EIA)recently-published Short-Term Energy Outlook projected prices inthe coming months to be 25% to 30% higher than last winter. It alsosaid that demand, which the EIA said rose by less than 1% in 1999compared to 1998, is poised to grow 4.6% in 2000. The demand jump,which puts the consumption level at 22.4 Tcf, represents anincrease of 1 Tcf over 1999’s consumption levels.
EIA Maintains Bullish Sentiments For Gas
In the latest of a string of bullish reports for the gasindustry, the Energy Information Administration’s (EIA) Short-TermEnergy Outlook projected prices in the coming months to be 25% to30% higher than last winter. It also said that demand, which theEIA said rose by less than 1% in 1999 compared to 1998, is poisedto grow 4.6% in 2000. The demand jump, which puts the consumptionlevel at 22.4 Tcf, represents an increase of 1 Tcf over 1999’sconsumption levels.
EIA Reserves Report: No Cause for Thanksgiving
The Energy Information Administration dropped a pre-holidaydowner into U.S. festivities last Wednesday, reporting 1998 U.S.crude oil and natural gas reserve additions chased lower pricesdeep into the minus column.
EIA: Oil & Gas Reserves Nosedive
The Energy Information Administration dropped a pre-holidaydowner into U.S. festivities last Wednesday, reporting 1998 U.S.crude oil and natural gas reserve additions chased lower pricesdeep into the minus column.
Industry Briefs
The Energy Information Administration released its Annual EnergyReview this week chronicling 50 years of changes in the U.S. energyindustry. Fifty years ago the nation was nearly self-sufficient inpetroleum and was a net exporter of natural gas, the report notes.Now, on the eve of the new century, America imports more than half ofits petroleum and 15% of its natural gas. Gas supply and demand werein relative balance in the U.S. until the mid-1980s when aproduction-consumption gap developed. In 1998, U.S. production was 19Tcf, consumption was 21 Tcf and imports were 3 Tcf. While the numberof wells producing gas in the U.S. grew 263% over the 50 years, theaverage output per well fell by 55%. The report is available at http://www.eia.doe.gov/emeu/aer/ on EIA’s web site.Printed copes will be available later this month from the U.S.Government Printing Office, (202) 512-1800, or through EIA’s NationalEnergy Information Center, (202) 586-8800.
EIA Adjusts Storage Data For ANR Change
Working gas levels in storage at the end of the winter heatingseason have been revised by the Energy Information Administration(EIA) after a report from ANR Pipeline that 47 Bcf of working gasin its Michigan storage facilities was reclassified as base gas.The change means working gas levels at the end of the winterheating season were 3% lower than first reported by the EIA, or1,430 Bcf compared to 1,477 Bcf.
