Energy Outlook, Feb. 6, 2006

EIA Short-Term Energy Outlook
February 6, Release (Next Update: March 6, 2007)

Highlights

• The unseasonably warm temperatures in the United States and throughout most of the northern hemisphere through early January reduced the demand for heating fuels, leading to an easing of petroleum and natural gas prices. Between mid-December 2006 and January 18, 2007, the spot price of West Texas Intermediate (WTI) crude oil fell by about $12 per barrel to a low of $50.51 per barrel. The Henry Hub natural gas spot price fell from $8.67 per thousand cubic feet (mcf) on December 1 to a low of $5.56 per mcf on January 2. The turn to colder weather in the second half of January contributed to increasing crude oil and natural gas prices. In February 2007 the WTI crude oil price is expected to average $56.00 per barrel, and the Henry Hub natural gas price is projected to average $7.35 per mcf.

• We have lowered our price projection for WTI crude oil from our last Outlook. WTI crude oil, which averaged $66.00 per barrel in 2006, is projected to average about $59.50 per barrel in 2007 and $62.50 per barrel in 2008. The Henry Hub natural gas price, which averaged $6.90 per mcf in 2006, is projected to average $7.10 mcf in 2007 and $7.60 in 2008.
• Total U.S. petroleum product consumption is projected to increase in 2007 and 2008 by 1.4 percent and 1.5 percent, respectively. Lower projected prices in 2007, combined with projections for moderate economic growth and the assumption of normal weather, are the primary reasons for increased growth in consumption.
• Projections of U.S. heating fuel expenditures for the 2006-07 winter season have declined over the last two Outlooks, reflecting relatively warm winter weather from November through the middle of January. Average household heating fuel expenditures are projected to be $862 this winter compared to $948 last winter. ... more

Is anyone interested in seeing these highlights reproduced here on a monthly basis or would you rather go to the website directly?  http://www.eia.doe.gov/steo

Comments

[DG]

Meh. If there's something significant to report, definitely. Or if its a slow blog-news week, sure. But otherwise I'm fairly ambivalent (maybe because I tend to check the oil and gas prices on ogj every few days anyway). I certainly wouldn't be unhappy if you posted them, but mostly I come here to find out about advances in energy-efficient technology (especially real-world advances outside of a lab).

[heating]

If you have looked into solar energy as a method for heating your home, panels are usually the first things that come up. There are, however, other unique methods.

The Solar Heating Aspect You Have Never Heard of Before

The power of the sun is immense. The energy in one day of sunlight is more than the world needs. The problem, of course, is how does one harness this power. Solar panels represent the obvious solution, but they have their downside. First, they can be expensive depending upon your energy needs. Second, they do not exactly blend in with the rest of your home.

Passive solar heating represents a panel free method of harnessing the inherent energy found in the sun for heating purposes. If you come out from a store and open the door of your car in the summer, you understand the concept of passive solar heating. A wide variety of material absorbs sunlight and radiates the energy back into the air in the form of heat. Passive solar heating for a home works the same way as the process which overheats your car in the parking lot.

[wholesale dropshippers sources vendors]

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[air force 1]

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[SEO Los Angeles]

I would like to see the current numbers to go down.