Subscribe free to our newsletters via your
. Oil and Gas News .




OIL AND GAS
Slow hurricane season good for U.S. energy
by Daniel J. Graeber
Miami (UPI) Aug 8, 2014


disclaimer: image is for illustration purposes only

U.S. forecasters say one of the main drivers of higher fuel prices, hurricanes, should stay away for the remainder of the season.

Forecasters with the National Ocean and Atmospheric Administration said it should be a below-average Atlantic hurricane season.

"We are more confident that a below-normal season will occur because atmospheric and oceanic conditions that suppress cyclone formation have developed and will persist through the season," Gerry Bell, lead seasonal hurricane forecaster at NOAA's climate prediction center, said in a statement Thursday.

When Hurricane Katrina, a category 5 storm, hit in 2005, U.S. retail gasoline prices increased 33 percent in the month that followed. Hurricane Sandy, a category 1 storm, left fuel shortages across much of the U.S. East Coast in 2012.

Tropical Storm Karen was the only 2013 storm to affect production in U.S. waters of the Gulf of Mexico. It shut down 3.1 million barrels of oil and 6.7 billion cubic feet of gas in October.

In June, the Energy Information Administration, the statistical arm of the Energy Department, said its mean estimate is that 12 million barrels of crude oil and 30 billion cubic feet of natural gas could be forced offline during the current hurricane season. That would be three and four times higher than 2013, respectively, if forecasts are accurate.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
More crude oil carrying capacity at Edmonton terminal
Houston (UPI) Aug 8, 2014
Midstream company Kinder Morgan said it reached a deal to add more crude oil carrying capacity to a rail terminal in Edmonton already under construction. Kinder, which has headquarters in Houston, said it agreed with its joint venture partner Imperial Oil Ltd. to take on more take-or-pay contract agreements that would allow for the expansion of the rail terminal. "The continued i ... read more


OIL AND GAS
U.K. says it's positioned to lead carbon capture development

Research proves there is power in numbers to reduce electricity bills

Italy agrees to sell energy grid stake to China

Canada lobs economic shot across Russian energy bow

OIL AND GAS
'Wetting' a battery's appetite for renewable energy storage

Refocusing research into high-temperature superconductors

Researchers uncover novel process for creation of fuel and chemical compounds

LEDs made from 'wonder material' perovskite

OIL AND GAS
Spinach could lead to alternative energy more powerful than Popeye

Biofuels benefit energy security, Secretary Moniz says

German laws make biogas a bad bet, RWE Innogy says

U.S. looking for ways to make biofuels cheaper

OIL AND GAS
Fukushima operator unveils newest tainted-water plan

Toshiba orders DCIS technology for Fukushima plant cleanup

Ex-TEPCO execs should be charged over Fukushima: panel

Areva shares fall on first-half loss, lowered outlook

OIL AND GAS
Amid drought, California declares war on lush lawns

Peru's carbon quantified: Economic and conservation boon

Big data confirms climate extremes are here to stay

Beijing to weigh administrative duties against climate

OIL AND GAS
Shine a light: Chinese police crack down on headlight misuse

Tesla settles trademark row with China businessman

China to punish Audi, Chrysler for 'monopoly' acts

First Electric Vehicle Charging Station Opened For California's PCH

OIL AND GAS
UN Council meets amid alarm over Iraq jihadist advance

West in push to save Iraqis on Mount Sinjar

US mulls action in Iraq, warns of 'catastrophe'

Iraq jihadist advances spark Christian exodus, Western alarm

OIL AND GAS



The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.