Can Supply Outages Drive Oil To $50?

by Evan Kelly
Oil Price

Looking at the critical figures and data in the energy markets this week, we see oil prices nearing $50 dollars as supply outages continue and U.S. production declines.

[…] • The two charts above should be read together. In 2015 U.S. CO2 emissions from the electric power sector fell to their lowest levels since 1993, plummeting to 21 percent below 2005 levels.

• Electricity demand has been flat over the past decade, so the change in CO2 emissions is directly related to the ongoing shift in the electricity mix. Coal’s market share is collapsing, falling from 51 percent in 2005 to just 34 percent last year. Natural gas and renewables are filling the void.

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