Natural gas - fired plants look attractive
at current gas prices, certainly, but hands up — who wants a new gas plant in their neighbourhood?
Now, after years of inaction, and in the face of public frustration over rising gas prices, the only energy proposal he's really promoting is more offshore drilling — a position he recently adopted that has become the centerpiece of his plan, and one that will not make a real dent
in current gas prices or meet the long - term challenge of energy independence.
On current gas price expectations, a CO2 price of only $ 5 per ton would be sufficient to make new gas - fired generators as economical as new coal - fired plants, based on the present value of fixed and variable costs.
This includes:
current gas prices from an estimated 120,000 filling stations; local real - time traffic information for 78 markets; coast - to - coast weather conditions with five - day forecasts; sports scores and movie listings.
«[F] racking is not economic
at current gas prices, worldwide demand for oil is down and the cost of coal retrofits is prohibitive.
On the campaign trail, Obama had stressed that offshore drilling «will not make a real dent
in current gas prices or meet the long - term challenge of energy independence.»
There's no scope for the royalty payments to be influenced by natural market forces, although it's possible that the drilling companies are using deductions to get around the law and reduce the effective royalty rate to a level that is economic at
the current gas price.
Current gas prices are at an all - time low, so why not take advantage of this?
«We believe that if
the current gas price environment of $ 2 / MMBtu to $ 3 / MMBtu does not improve in the next 12 - 18 months, there could be more large - scale coal and nuclear plant closures, especially in regions without a forward capacity market, such as Texas and the Midwest.»