US Weekly Energy Report - 2 March 2017



Market Commentary

The Energy Information Administration (EIA) reported this week that U.S. electric generating capacity in 2016 experienced the largest annualized net increase in the last five years. Despite the retirement of approximately 12 GW of capacity last year - the majority of which was coal-fired - additions to natural gas, wind, and solar generating capacity drove net gains of nearly 15 GW. Total capacity additions were the second highest in the last 13 years and net gains were the largest since 2011.

In his first address to a joint session of the U.S. Congress, President Donald Trump on Tuesday spoke little about energy goals for his administration. While touching on areas of interest related to the sector, including efforts to curb regulation and advance infrastructure investment, Trump did not specifically address objectives for energy policy moving forward.

The U.S. Geological Survey (USGS) announced on Wednesday a reduced risk of natural and human-induced earthquakes in 2017 relate to the previous year, citing the potential impact of decreased wastewater injection as a result of regulatory actions and a decline in oil and gas production. The USGS has highlighted wastewater disposal from oil and gas operations as a primary cause for induced earthquakes in many parts of the central and eastern U.S.

Download Full Report