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Stunning drops in solar, wind costs mean economic case for coal, gas is ‘crumbling’
Stunning drops in solar, wind costs mean economic case for coal, gas is ‘crumbling’ Things are only going to get tougher for gas and coal compared to renewables. SOLAR POWER PRICES ARE DROPPING AT RECORD RATES. CREDIT: ACERA. Prices for solar, wind, and battery storage are dropping so rapidly that renewables are increasingly squeezing out […]
Europe’s Biggest Gas Field To Close Over Quake Risk
Europe’s Biggest Gas Field To Close Over Quake Risk Europe’s biggest gas field–Groningen in the north of the Netherlands–has been pumping gas for more than half a century and supplies gas to 98 percent of the Dutch population. But the field has been causing earthquakes that have become a growing concern for residents and authorities. […]
Russia-Ukraine Gas Spat Highlights Geopolitical Divide
Russia-Ukraine Gas Spat Highlights Geopolitical Divide The latest gas dispute between Russia and Ukraine flared up just as most of Europe was gripped by Arctic cold and just before the spy poisoning scandal in which the UK accused Moscow of poisoning a former double agent in England by a military-grade nerve agent of a type […]
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 […]
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 […]
No Gas in Florida: Give Truth a Chance
No Gas in Florida: Give Truth a Chance Photo by el-toro | CC BY 2.0 As I heard Florida’s governor demanding gas, I wondered why they don’t learn from Cuba, and send buses. Cuba was there in the CBC newscasts about Florida. It was the country under the satellite image, under the “lingering” eye of […]
Refiners Boost Output, But Irma Could Dent Demand
Refiners Boost Output, But Irma Could Dent Demand Texas continues to recover from Hurricane Harvey, and many of the disrupted refineries are ramping up production once again. But the ripple effects from the outages are still being felt, and some Midwestern refineries are benefitting from surging margins stemming from the havoc. Bakken Midwest refining margins […]
Gas Games in the Eastern Mediterranean are Threatening Europe
Gas Games in the Eastern Mediterranean are Threatening Europe The European Commission is offering European consumers the so-called Southern Gas Corridor, which provides for the supply, in particular, of Azerbaijani and Central Asian gas along the Turkey–Greece–Italy route. The project’s potential participants have their own interests, however, and are divided by long-standing antagonisms that are […]
Why The Shale Oil “Miracle” Is Becoming A “Debacle”
klublu/Shutterstock Why The Shale Oil “Miracle” Is Becoming A “Debacle” Dispelling the magical thinking behind the hype Energy is everything. This is an amazingly important concept. Yet it’s almost universally overlooked. Sometimes it’s hard to appreciate the magical role energy plays in our daily lives because most of what we experience is a derivative of […]
The Dynamics of Depletion
The Dynamics of Depletion Paul Klee Ghost of a Genius 1922The Automatic Earth has written many articles on the topic of EROEI (Energy Return on Energy Invested) through the years, there’s a whole chapter on it in the Automatic Earth Primer Guide 2017 that Nicole assembled recently, which contains 17 different articles. Still, since EROEI […]
Largest East Coast Pipeline Reveals Demand For Gasoline Is Crashing
Largest East Coast Pipeline Reveals Demand For Gasoline Is Crashing There’s a reason this week’s EIA survey showing gasoline and oil supplies declining has failed to stop RBOB prices from collapsing to 7-month lows: The start of the summer has done nothing to revive sluggish demand. That’s because despite what the EIA survey said, little […]
“Recessionary” Demand Forces New York Harbor To Divert Gasoline Shipments
“Recessionary” Demand Forces New York Harbor To Divert Gasoline Shipments Two weeks ago, Goldman analysts were stunned when they noted that in recent weeks gasoline demand in the US has collapsed to levels that suggest not all is well with the economy. In fact, as the bank’s oil expert Damien Courvalin said “to achieve the 5.9% decline […]
Huge Decline In U.S. Proved Oil And Gas Reserves
Huge Decline In U.S. Proved Oil And Gas Reserves Proved oil and gas reserves down 11.8 percent and 16.6 percent, respectively, from year-end 2014 EIA has downgraded its estimates of proved oil and gas reserves in the U.S., according to its Crude Oil and Natural Gas Proved Reserves, Year-end 2015 report, released today. Proved reserves of […]
Can the world go all-electric?
Can the world go all-electric? Recently, word leaked out that Norway may ban the sale of diesel- and gasoline-powered vehicles by 2025. The move toward electric vehicles is part of a dream shared by those concerned about climate change and about fossil fuel depletion (especially oil depletion), namely, to turn the world into one big all-electric […]
California Lawmakers Move to Prevent Another Disastrous Gas Blowout at Aliso Canyon
California Lawmakers Move to Prevent Another Disastrous Gas Blowout at Aliso Canyon On Tuesday, Governor Jerry Brown signed into law Senate Bill 380, which requires rigorous testing protocols to prevent another disastrous blowout at the SoCal Gas Aliso Canyon facility north of Los Angeles. And lawmakers said SB 380 will buy time to fix the larger problem […]
