Wind Makes History

Posted: April 15, 2022
Category: News Pulse

RP Weekly Recap | April 11 – 15


Power generation from wind turbines was the second-largest source of electricity in the United States on March 29, behind only natural gas and surpassing both coal and nuclear power generation for the first time on record. The announcement from the U.S. Energy Information Administration added that on that day, wind turbines in the Lower 48 produced 2,017 gigawatt-hours (GWh) of electricity, allowing wind to surpass both coal-fired and nuclear electricity generation for the first time in history. Check out this story and more in this week’s recap of all things happening in oil and gas! 

COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): 503,081,868 (up from 498,154,313 last week)
  • Number of Cases (USA): 80,579,736 (up from 80,399,474 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

  • Jobless Claims Drop to 166,000, Lowest Reading in 50 Years – revisions to the data may have been unusually affected by a change in the way the government treats seasonal variations
  • United States Rig Count

United States Rig Count

  • Up 4 from last week for a total of 693
  • Up 57.8% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • While the whole world has their eyes on Russia, there are a bunch of strange stories in energy revolving around oil trading. RARE PETRO has talked about it before, but the petrodollar is a monetary system that guides the trade of crude worldwide. WTI? Traded in American dollars. Canadian Crude Index? Traded in American dollars. Nigerian Bonny Light? Included in the OPEC basket, and both are priced in (you guessed it) American Dollars. The system is old, but it has worked because the US dollar was a dominant currency on the world market, so people felt comfortable using it. Others, like Gaddafi and Saddam Hussein, pushed to price oil in a different currency (the Euro), and some speculate that this was a major reason for the US’s involvement in the Middle East. So… who is currently challenging the petrodollar status quo? Check out our latest Periodical to find out more! 

  • Episode Seventeen of The Industry Leader Spotlight Podcast is available now! Be sure to check out our interview with Cary Stockdell, CEO of Stockdell Stringer Leadership Solutions!

  • RARE PETRO is the tik talk of the town! Short-form content to educate both the public or industry professionals is available NOW! Check out our latest Tik Tok Video uncovering what Hollywood does not understand about a blowout. 

  • RARE PETRO and Rainmaker GBD collaborate on a monthly newsletter highlighting everything you need to know about the energy sector. This is a video interview with RARE PETRO’s Anthony McDaniels as he speaks on the biggest stories and dives a little bit deeper into supporting data. Welcome to the second edition of “Side Chat”

  • Grab a drink and join us for our newest segment, Thirsty Thursday: An Inventory Report to see if we’ve been poured another tall glass of crude and whether or not the U.S. was thirsty enough to suck down another round. 

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