Wind, nuclear, and coal all look expensive compared to natural gas generation. With abundant new supplies of gas making it the cheapest option for new power generation, the largest U.S. wind-energy producer, NextEra Energy Inc., has shelved plans for new U.S. wind projects next year and Exelon Corp called off plans to expand two nuclear plants. Michigan utility CMS Energy Corp. [...]
A group of the nation’s leading experts on energy and the environment are at Duke this week attending a workshop to try to ferret out the facts (and tamp down the hype) around shale gas and fracking, the controversial method for extracting natural gas trapped in shale deposits. With yesterday’s sessions held as a public [...]
Natural gas will replace coal as the leading fuel for generating electricity in the United States by 2025 due to its easy availability and a drive for cleaner-burning energy, the Wall Street Journal said, citing the latest long-term outlook from Exxon Mobil Corp. Exxon’s study, which is set to be released Thursday, forecasts that global [...]
Rebutting the Howarth Shale Gas Study It’s been nearly a month since Robert Howarth’s paper claiming that shale gas was worse for climate change than coal made its big splash in the New York Times. I expressed quite a bit of skepticism at the time – and readers of this blog proceeded to dissect the [...]
In its long-term energy outlook for 2030, Exxon Mobil Corp. forecasts that natural gas will surpass coal as an energy source. The outlook for rising demand “reflects improving living standards for people around the world,” CEO Rex Tillerson said. Demand is expected to jump 75 percent in China, the world’s most populous nation, where millions of people are buying cars and various home [...]
The least-cost approach to cutting U.S. greenhouse gas emissions is for electric utilities to shift as much coal-burning power generation to natural gas as possible, according to DB Climate Change Advisors, a unit of Deutsche Bank. Yet it’s that “least-cost” option for power generation that has kept King Coal on top for so long. Coal [...]
Oil and Gas Investor placed a blog posting up yesterday that got my attention. It was in follow up to a natural gas cover story called “Building Gas Demand,” by Porter Bennett. The blog posting highlights Bennett’s opinion that “based on current supply forecasts, that the Nymex price for natural gas may one day no [...]
With natural gas prices at a low right now, one could start to wonder if natural gas will becomes a worthy competitor to coal as the primary source for electricity in the U.S. The price of natural gas has fallen from $13 per million British thermal units to $4 per million btu in less than [...]
Yesterday, Adam Stein posted: Natural Gas to the Rescue – ” A low-carbon fossil fuel may hold the key to weaning ourselves from coal ” . The blog posting emphasizes the using natural gas as a low-carbon bridge from dirty coal to cleaner power. Interesting points about natural gas coming to the rescue: – gas-fired [...]
