Energy Systems Consulting Perspectives

Energy Systems Consulting Perspectives

onlocation energy consultants blog

New Study Examines Impact of Halting New Lease Sales in Gulf of Mexico

Posted by OnLocation on May 26, 2022 6:51:13 AM

OnLocation was asked by the Natural Resources Defense Council (NRDC) to examine the impact of stopping new offshore oil and gas leasing in the Gulf of Mexico (GOM) after January 2021, while continuing all leases prior to January 2021. The analysis assumed that the remainder of onshore production continued to be developed per “current laws and regulations.” Read the report here.

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Topics: Energy Policy, Oil and Gas Production, Scenario Analysis

The Annual Energy Outlook 2022 Has Arrived!

Posted by OnLocation on Mar 15, 2022 9:30:00 AM

On March 3, the Bipartisan Policy Center hosted the announced release of the U.S. Energy Information Administration’s Annual Energy Outlook (AEO) 2022. This much-anticipated report describes EIA’s unbiased view of energy markets reflected in several core scenarios performed using the National Energy Modeling System (NEMS), a complex energy model of U.S. supply and demand created and maintained by EIA. The core scenarios include a reference case and several alternative scenarios that provide insights into potential changes in energy markets resulting from a range of assumptions about future oil prices, oil and natural gas resources, macroeconomic levels, and renewable costs. The reference case this year also includes the potential effects of select provisions from the recently passed Infrastructure Investment and Jobs Act (IIJA) including the Civil Nuclear Credit Program, the Strategic Petroleum Reserve drawdown and sales, and overall increased government spending related to the Act.

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Topics: Energy Modeling, Energy Policy, Integrated Modeling, NEMS Model, Scenario Analysis

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