The EIA Monthly Energy Review – Published November 30, 2024
The EIA Monthly Energy Review is long and does not change much from month to month since a lot of the information is historical. Some running for political office might have benefited by studying the data. Here I present the graphics from just the first three chapters. It is enough to see that coal is being phased out, electricity is increasingly important and our incorporation of alternative sources of energy is slow. I may provide more information in a future article but this should be enough for people to decide if they want more detail on the rest of the report.
At the end of the article, I provided a link to the full Monthly Review. The EIA Monthly Energy Review is separate from its annual reporting on crude oil and natural gas reserves. My prior article on their estimates of reserves can be accessed HERE. I think that reserves are only updated once a year.
| The numbers here might look funny until you realize that in their summary they are only reporting on petroleum consumption. I have no idea why they did this. |
| This is a good graphic as it shows the source of energy and where it is used and what the losses are in the transmission of electricity. It is showing the situation for the full year of 2023. Notice that in this graphic Transportation and Industrial are about equal in terms of usage. |
| The main takeaway here is the small role of renewables. Also, the increasing role of natural gas is important. |
| This is from the 2023 EIA Annual Energy Outlook. I did not have enough time to really review this but it seems inconsistent with the data in the Monthly Report. It is important to remember that the information in the November Monthly Report may only be current as of August as it takes the EIA a lot of time to collect and validate information. That information indicated that transportation far exceeded the industrial sector and the commercial sector used very little energy. So I will try to sort that out. For sure there is a seasonal impact with respect to transportation. It is always difficult for me to work with EIA data. |
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