EIAs Role in Providing Information Used by The Marketplace Guy Caruso Administrator Energy Information Administration American Public Gas Association Annual Conference August 1, 2005 www.eia.doe.gov
Mission EIA is a leader in providing high quality, policy-independent energy information to meet the requirements of Government, industry, and the public in a manner that promotes sound policymaking, efficient markets, and public…
EIAs Legal Beginnings Created in 1974 as part of the Federal Energy Administration to establish the National Energy Information System to collect, assemble, evaluate, and analyze energy information In 1977 the current EIA was…
EIA Products and Services Data Products Analysis Products Forecasting Products Education Products Documentation Products Dissemination Services Quality Control Services
EIA Data Collection Programs Petroleum Supply Renewables and Petroleum Alternate Fuels Marketing Greenhouse Gases Natural Gas Energy Oil & Gas Reserves Consumption and Production Financial Reporting Electric Power Coal Nuclear
Uses of Petroleum Data Descriptive data reports This Week in Petroleum Weekly On-Highway Diesel Prices Petroleum Marketing Annual Consumer information A Primer on Gasoline Prices Primer on Gasoline Sources and Markets Inputs to…
Uses of Natural Gas Data Descriptive data reports Weekly Natural Gas Storage Report Natural Gas Monthly Natural Gas Annual Reserves and Production Report Consumer information Consumer brochures Inputs to EIAs energy models…
Analysis Products EIA analyzes energy issues using data from EIA surveys and other sources Periodic analysis of important energy issues Ongoing updates following energy developments around the world Conducting analysis helps EIA…
Recent Natural Gas Analysis Products Weekly Natural Gas Update (published every Thursday since May 1996) Market Centers and Hubs: a 2003 Update (July 2005) Changes in U.S. Natural Gas Transportation Infrastructure in 2004 (June…
Short-Term Energy Outlook Monthly forecast of U.S. supply, demand, imports, stocks, and prices of various forms of energy Annually produces the Summer Motor Gasoline Outlook and the Winter Fuels Outlook The short-term model is…
Short-Term Projection Example: Crude Oil Prices In July 2005, EIA projected that WTI crude oil prices would remain above 55 per barrel through 2006 80 History Projections 70 60 Dollars per Barrel 50 40 30 20 10…
Annual Energy Outlook and International Energy Outlook The AEO is EIAs annual mid-term forecast of U.S. energy supply, demand, prices, and emissions Includes a policy-neutral reference case and multiple alternative scenarios The…
Education Products Information and educational products targeting adults and kids Aimed at providing energy information in layman terms in an easy-to-use format Topics reflect issues on which EIA gets frequent inquiries Energy…
Dissemination via the Internet Provides Ready Access to Energy Information Between April 2004 and April 2005, EIAs website had 16.4 million unique users Internet traffic in May 2005 was almost 1.9 million customers EIAs five most…
EIA Call Center and Email Response Service Serves as a worldwide point of contact for energy information 17,900 calls in 2004 12,500 email inquiries in 2004 Topics vary based on current energy market issues. Recent topics…
Quality Initiatives INTERNAL Update frames State of the data evaluations Review of model documentation Monitor customer satisfaction Monitor timeliness of information Sharing best practices EXTERNAL Semi-annual advice from the…
Who Are EIAs Customers Customers by Country Customers by Sector Academia/ Students Research/ 12% Inter'l Consulting Government General 29% 39% 10% Public U.S. 6% 58% Banking/ Finance Business/ 4% N/A Industry Media 3%…
Web Hits for Selected EIA Products, July 2004 to June 2005 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 Annual Short- Weekly Weekly This Week Weekly Motor Weekly Energy Term Retail Natural Gas in…
Petroleum and Natural Gas Weekly Products Petroleum Natural Gas Weekly Petroleum Weekly Natural Gas Status Report Storage Report Gasoline and Diesel Weekly Natural Gas Fuel Update Update Retail Gasoline Prices This Week in…
Question: Do EIA products affect the petroleum and natural gas markets Answer: Yes
Example 1: NYMEX Light, Sweet Crude Oil (WTI) Near-Month Futures Contract on January 28 (Wed.) & 29 (Thurs.), 2004 Wed., 10:30 a.m. EIA Oil Data Release Thurs, 10:30 a.m. EIA Natural Gas Storage Data Release Bloomberg…
Example 2: NYMEX Henry Hub Natural Gas Near-Month Futures Contract on January 28 (Wed.) & 29 (Thurs.), 2004 Wed., 10:30 a.m. EIA Oil Data Release Thurs, 10:30 a.m. EIA Natural Gas Storage Data Release Bloomberg News
With Restructuring, Information Needs Have Grown Exponentially Market Information Needed to Support: PRODUCERS Acquisition: Supply, Transportation, Storage Service Service Reliability: Public Interest PIPELINES Electronic Trading:…
Natural Gas Market Information is Available from Government and Private Sources Government Non-Government Non-Government Regulators Non-Regulators Operators Electronic Trading FERC, State EIA Trade Organizations PUCs, DOT,…
EIAs Petroleum and Natural Gas Data Program is Dynamic Subject to Funding Constraints and Legislative Mandates EXAMPLES Petroleum: Survey revisions because of Clean Air Act New surveys because of the transition from the gasoline…
EIAs Resources Are Limited: Recent Budget History
For more information about the Energy Information Administration, visit us on the Internet at http://www.eia.doe.gov
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