Annual Energy Outlook Released
The Energy Information Administration released its Annual Energy Outlook December 16, predicting that daily U.S. crude-oil production will reach 9.5 million barrels per day in 2016, before leveling off and slowly falling after 2020. The report concluded that domestic natural gas production would increase by 56 percent between 2012 and 2040, with rising exports likely.
State Energy Profiles Released
The Energy Information Administration released its State Energy Profiles December 19. The profiles are available through the agency’s State Energy Portal, and include new enhanced and renewable energy sections.
Loan Guarantee Reapplication Delayed for USEC
USEC announced December 19 that it will not reapply for a Department of Energy loan guarantee for its Ohio enrichment project until after it completes forthcoming proceedings and restructures its budget next year. The company announced earlier in the week that it planned to file for Chapter 11 bankruptcy in the first quarter of 2014. The agency will work to extend its Research, Development, and Demonstration program cost-share agreement until mid-April.
Chu to CCS Company
Former Department of Energy Secretary Steven Chu joined the Board of Inventys Thermal Technologies last week. The carbon capture company touts a process that uses less energy than conventional technologies and is less expensive.
Additional Time Denied for Nuclear Waste Fee Determination
The D.C. Circuit Court of Appeals rejected December 20 the Department of Energy’s request for more time to decide whether to challenge its decision to zero out the nuclear waste fee. The agency had asked the court for a 31-day extension, but the January 3 deadline will persist.