Congress retains most energy programs in 2018 Farm Bill through fiscal year 2023

(Fri, 01 Feb 2019) On December 20, 2018, the <em>Agricultural Improvement Act of 2018</em> (2018 Farm Bill) was signed into law, continuing federal support to a number of renewable electricity and bioenergy-related programs. Authorizations in the 2018 Farm Bill cover fiscal years (FY) 2019 through 2023, during which time energy programs will receive $375 million in mandatory funding, with up to an additional $860 million in discretionary funding.

U.S. NGPL production continues to grow, driven by production in East and Southwest regions

(Thu, 31 Jan 2019) In EIA’s <em>Annual Energy Outlook 2019</em> (AEO2019) Reference case, natural gas plant liquids (NGPL) production grows by 32% between 2018 and 2050 to 5.8 million barrels per day (b/d). Most of the increase in production is in the East, specifically the Appalachian Basin, and the Southwest, specifically the Permian Basin. Given projected crude oil and natural gas prices, producers are expected to focus on liquids-rich plays, and NGPL-to-gas ratios are highest in these areas.

The United States is expected to export more energy than it imports by 2020

(Tue, 29 Jan 2019) EIA projects that, for the first time since the 1950s, the United States will export more energy than it imports by 2020 as increases in crude oil, natural gas, and natural gas plant liquids production outpace growth in U.S. energy consumption. Different assumptions about crude oil prices and resource extraction affect how long EIA projects that the United States will export more energy than it imports.

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