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‘Clean’ natural gas is actually the new coal, report says: Don Pittis
‘Clean’ natural gas is actually the new coal, report says: Don Pittis Global investment of more than $1 trillion in planned LNG plants at risk There’s no question that when you burn it, methane, the main component of natural gas, is much cleaner than coal. With that in mind, you might think a newly released report […]
Renewables Are Dead
Renewables Are Dead If I’ve said once that those among us who tout renewable energy should pay more attention to the 2nd law of Thermodynamics, I must have said it a hundred times. But I hardly ever get the impression that people understand why. And it seems so obvious. A quote I often use from […]
It’s cheaper to replace most coal plants with renewables than keep them open, per report
It’s cheaper to replace most coal plants with renewables than keep them open, per report New research finds that replacing 74 percent of coal plants with renewables would immediately reduce costs. It would be more expensive to keep the majority of U.S. coal plants open than to replace them with new wind and solar power […]
Why Can’t Japan Kick Coal And Nuclear?
Why Can’t Japan Kick Coal And Nuclear? Earlier this year we reported on a startling anomaly in the global energy market that even the experts couldn’t have predicted. Just one nation, alone against the greening tides, was turning back to coal–Japan. Now, half a year later, a newly released report shows that Japanese financial institutions […]
What If There Isn’t Enough Energy Going Forward?
Nuttapong/Shutterstock What If There Isn’t Enough Energy Going Forward? We’ll be forced to live with less. Maybe a LOT less. Currently the media is breathlessly cheering the record amounts of US oil production. Stories like this one get top billing on major news websites: Texas Gulf Coast exports more oil than it imports for the […]
Why The Coming Oil Crunch Will Shock The World
Anton Balazh/Shutterstock Why The Coming Oil Crunch Will Shock The World And why we need a new energy strategy — fast. My years working in corporate strategy taught me that every strategic framework, no matter how complex (some I worked on were hundreds of pages long), boils down to just two things: Where do you […]
The Beast From The East, coal, gas and the UK
The Beast From The East, coal, gas and the UK In late February 2018 high pressure over the North Atlantic and low pressure over the Mediterranean combined to generate a strong easterly airflow that brought Siberian temperatures to Western Europe, increasing heating demand to the point where there was a shortage of natural gas. The […]
In-depth: BP’s global data for 2017 shows record highs for coal and renewables
Yosu Gas ship on Huangpu river before the skyline of Pudong, Shanghai, China. Credit: Stephane ROUSSEL / Alamy Stock Photo. In-depth: BP’s global data for 2017 shows record highs for coal and renewables Renewable energy grew by the largest amount ever last year, while coal-fired electricity also reached a record high, according to new global […]
Dr. Charles Hall: The Laws Of Nature Trump Economics
Dr. Charles Hall: The Laws Of Nature Trump Economics It’s all about Energy Retun On Energy Invested (EROEI) Dr. Charles Hall may not be a name you instantly recognize, but it should be. Now a Professor Emeritus of the College of Environmental Science and Forestry, Dr. Hall is a rigorous researcher of energy, oil, biophysical […]
Macron’s pledge to wipe out coal is just as meaningless as Trump’s plan to revive it
Macron’s pledge to wipe out coal is just as meaningless as Trump’s plan to revive it In a speech at the 2018 World Economic Forum held in Davos, Switzerland, French President Emmanuel Macron said he wanted to “make France a model in the fight against climate change” and promised to shut all coal-fired power plants by […]
New NASA Study Solves Climate Mystery, Confirms Methane Spike Tied to Oil and Gas
New NASA Study Solves Climate Mystery, Confirms Methane Spike Tied to Oil and Gas Over the past few years, natural gas has become the primary fuel that America uses to generate electricity, displacing the long-time king of fossil fuels, coal. In 2019, more than a third of America’s electrical supply will come from natural gas, […]
Gail Tverberg: The Coming Energy Depression
Gail Tverberg: The Coming Energy Depression The math is straightforward, but cruel As most PeakProsperity.com readers know, we fully agree with the statement: Energy is THE master resource. Without it, nothing can get done. Energy analyst and professional actuary Gail Tverberg returns to the podcast this week to revisit the global energy outlook. And fair warning, Gail warns […]
Here is what’s holding back China’s plans for world domination
Here is what’s holding back China’s plans for world domination Australia may be the worlds largest exporter of coal, sending out 388 million tons in 2015, but China’s production of coal the same year was 3,747 million tons — nearly ten times as much, and nearly half of global coal production. But the Chinese coal […]
Everyone cutting coal use except for most of the world and most of the banks
Everyone cutting coal use except for most of the world and most of the banks The situation with our most hated energy asset Australia’s big four banks are fighting over themselves to turn down the chance to profit from coal loans and tell the world. Months ago, Westpac went on a low-coal diet, declaring like […]
