Reproduced from Energy Policy Institute at the University of Chicago; Chart: Axios Visuals

The downturn in the Permian Basin, the heart of the U.S. oil patch, was large enough to cause a big drop in electricity use there, analysis from a University of Chicago energy think tank shows.

What they did: Their analysis looks at daily declines and fluctuation compared to a pre-COVID baseline (captured above), as well as the average drop-off since mid-March, which is 24%.

How it works: Oil production sites often use electric-powered pumps, so the shut-in of thousands of wells meant a big decline in power demand.

What's next: Prices are up since the period they looked at.

  • "But will this higher price lead to a quick U.S. oil production recovery? Keep your eye on electricity use data, which may be our best leading indicator of whether U.S. oil production will recover anytime soon," it states.

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Amy Harder, author of Generate
Sep 3, 2020 - Energy & Environment

Natural gas remains the big question in Biden’s climate change plan

Illustration: Sarah Grillo/Axios

Joe Biden has the most aggressive climate-change plan in presidential-election history, but he continues to evade the dicey topic of natural gas.

Why it matters: Natural gas, mostly derived from the controversial extraction process called fracking, is filling an increasingly large role in America’s energy system. It’s cleaner than oil and coal, but is still a fossil fuel with heat-trapping emissions.

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Illustration: Sarah Grillo/Axios

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  3. States: "We’re not closing anything going forward": Florida fully lifts COVID restaurant restrictions — Virginia Gov. Ralph Northam tests positive for coronavirus.
  4. Health: Young people accounted for 20% of cases this summer.
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10 hours ago - Politics & Policy

Biden pushes unity message in new TV wave

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What he's saying: The ad — which began Friday night, and is a follow-up to "Fresh Start" — draws from a Biden speech earlier in the week in Manitowoc, Wisconsin: