Word: eia
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Dates: during 2000-2009
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...already imports 16% of its oil from Africa, according to the U.S.-based Energy Information Administration, and wants to raise that to 25% in the future. Nigeria holds by far the biggest reserves in Africa and supplies 8 to 10% of all U.S. oil imports, according to the EIA. But in recent years, rebel attacks on oil targets - blowing up pipelines and kidnapping foreign oil workers - have cut Nigeria's production by as much as a third and regularly caused the world price of crude to spike. Peace in the delta would mean more reliable supplies of oil and cheaper...
...from nearly $6 per million BTU to under $3, recently hitting a seven-year low. To put these numbers in perspective, this makes oil more than four times as expensive as natural gas to produce the same amount of energy, according to the U.S. government's Energy Information Administration (EIA). (Read "Clean Energy: U.S. Lags in Research and Development...
...side, gas output from drilling has been much greater than anticipated, leading to a surplus that has deflated prices. This in turn has made many drilling operations unprofitable. The number of natural gas rigs operating in the U.S. has fallen well over 50% in the past year, according to EIA data. Because a given well's output decreases over time, producers need to drill new wells continually to keep up production. Thus, the falling rig count raises concern about the longer-term-supply outlook...
Unfortunately, if unsurprisingly, the answer is no. Turns out the Department of Energy’s Energy Information Administration (EIA) has already done the legwork on this one. In a report released in February the EIA found that the administration-backed energy bill recently passed by the House of Representatives, HR 6, would make only a “negligible” contribution toward national energy independence...
EIA’s findings seem pretty solid—even Secretary of Energy (and Bush appointee) Spencer Abraham was unwilling to go to bat on this one, telling Congress in April that he did “not dispute the EIA analyses...