Brilliant Source

Menu
Get a quote

5 Things You Need To Know About Natural Gas

Here are the top five things you need to know about what’s happening in the natural gas industry.

Natural gas prices are falling due to the prediction of a mild summer.

In Spring 2017, West Texas Intermediate (WTI) crude oil (USO) (OIIL) (USL) (DBO) June futures closed at $48.84 per barrel, which was ~1% lower than the previous closing price. Oil prices fell on worries of rising US oil production and bearish demand drivers. (Source: MarketRealist.com)

Americans used more clean energy in 2016.

According to US News, solar and wind power became more prevalent while coal use declined in 2016.

The Clean Power Plan is on hold.

The Clean Power Plan is a set of regulations intended to reduce environmentally harmful carbon dioxide emissions from power plants. President Donald Trump signed an executive order May 2, 2017 to overhaul the Obama administration’s Clean Power Plan. (Source: US News)

Ohio and Pennsylvania increased natural gas production more than other states in 2016.

Pennsylvania and Ohio had the two largest annual natural gas production increases from 2015 to 2016, reflecting higher production from the Utica and Marcellus shale plays, which have accounted for 85% of the U.S. shale gas production growth since 2012. Production in Pennsylvania and Ohio has accounted for an increasing share of total U.S. natural gas production in recent years, growing from less than 2% in 2006 to 24% in 2016. (Source: EIA.gov)

Several new natural gas pipeline projects were certified by FERC in 2017.

The Federal Energy Regulatory Commission (FERC) certificated 17.6 billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity. Two large-capacity projects, the Rover Pipeline Project (and related projects) and the Atlantic Sunrise Pipeline Project, were among those that received certificates in early 2017. Other recently certificated pipeline projects include the Orion Project, Transco to Charleston Project, Rayne and Leach Xpress, Northern Access, and Northern Lights 2017 Expansion. (Source: EIA.gov)

Contact us today for more information.

Related Post
Uncategorized

The Power of Energy Aggregation

In recent years the topic of renewable energy aggregation has dominated industry news and many suppliers are now lowering the barrier of entry for first-time buyers. Those new to renewable energy are looking to better understand the need and components of an aggregation strategy.

Read More »
Uncategorized

Brilliant Source Energy Gives Back with $15,000 to Second Harvest Food Bank

Brilliant Source Energy (BSE) continues its commitment to supporting local communities with a generous donation of $15,000 to the Second Harvest Food Bank in partnership with the City of Lorain. This contribution is part of a larger pledge of $75,000 over five years to combat hunger and provide resources directly to those in need within Lorain County.

Read More »
Uncategorized

Low Energy, High Stakes: Energy Independence

An energy crisis can cause extreme damage to the economy of any country. Currently, leaders worldwide are emphasizing the importance of having an independent energy source considering the escalating war between Russia and Ukraine.

Read More »