According to the U.S. Energy Information Administration’s (EIA) latest inventory of electricity generators, developers and power plant owners plan for 39.7 gigawatts (GW) of new electricity generating capacity to start commercial operation in 2021.

Total nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 percent

Combined, they accounted for almost 71% (14,734 MW) of the 20,803 MW of new utility-scale capacity reported to have been added thus far in 2020. Year-to-date, wind (8,042 MW) and solar (6,485 MW) have each contributed more new generating capacity than has natural gas (6,039 MW).

U.S. Rig Count is up 9 from last week to 360, Canada Rig Count is up 58 from last week to 117.

U.S. commercial crude oil inventories decreased by 8.0 million barrels to 485.5 million barrels.

U.S. exports of liquefied natural gas (LNG) set a new record in December after a record-breaking November 2020, averaging 9.8 billion cubic feet per day (Bcf/d),

the U.S. goods and services deficit was $68.1 billion in November, up $5.0 billion from $63.1 billion in October

U.S. Rig Count is up 3 from last week to 351, Canada Rig Count is down 23 from last week to 59.

North American LNG export developers are hoping sustained high prices will provide incentive to buyers to sign more long-term commercial deals that would enable the developers to sanction new terminal projects in 2021.

China looked set for average economic growth of 5.7% a year from 2021-25 before slowing to 4.5% a year from 2026-30.

$35 billion in funding for clean energy research across different types of technologies

The US Energy Department has a Geothermal Technologies Office and they are understandably optimistic.

U.S. commercial crude oil inventories decreased by 0.6 million barrels to 499.5 million barrels.

U.S. Rig Count is up 2 from last week to 348, Canada Rig Count is down 20 from last week to 82

Shale producers were hit hard after borrowing to expand production and slashed spending and output to cut losses.