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Direct Links to the Week's Top Stories in Energy

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Here are some the week's top energy stories that we're reading.

Electric Choice: Outlook of Electricity and Natural Gas Consumption for 2016 and 2017

Recently, Direct Energy released a forecasting report that provides information on U.S. natural gas and electricity markets. It focuses on defining current trends to help better understand the effects of certain economic factors on natural gas and electricity. The report mostly compares collected and forecasted energy data from 2015 to 2017 to better illustrate the year-to-year changes or differences in the market. 

Albany Times Union: Consumers Should Get A Choice

Customers want choices and that desire is no different when it comes to energy. In New York, more than 1.2 million residential consumers get their electricity from an energy services company (ESCO). That's 22 percent of the state's residential customers and an even larger number of the Empire State's businesses purchase electricity from ESCOs.

EIA: Shale Gas Production Drives World Natural Gas Production Growth

According to the U.S. Energy Information Administration's latest International Energy Outlook 2016 (IEO2016) and Annual Energy Outlook 2016 (AEO2016), global natural gas production is projected to increase from 342 billion cubic feet per day (Bcf/d) in 2015 to 554 Bcf/d by 2040. The largest driver of this growth is natural gas production from shale resources, which will grow from 42 Bcf/d in 2015 to 168 Bcf/d by 2040. Shale gas is expected to make up 30 percent of the world's natural gas production by the end of the forecasted period.

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Posted: August 19, 2016