Furthermore, even if small modular coal plants can be proven technically feasible, industry analysts are having difficulty understanding how a coal - related process could be competitive, given
the low cost of natural gas and cheap renewables, coupled with negative public opinion around coal power.
This will allow immediate leverage of
the low cost of natural gas, along with easy conversion to light oils (free of «corrosive components») generated by cyanobacterial processes (such as Joule Unlimited's), or methane from conversion of solar / electrolytic hydrogen and atmospheric CO2 when either / both of those processes become cost - competitive.
Homes with natural gas water heating, due to the current
low cost of natural gas, make it more difficult for solar to be a sound investment.
In recent years, the Centralia plant has been operating at only about one - third of its rated capacity, in part due to
the low cost of natural gas.
The very
low cost of natural gas, now about one - fifth the cost of crude oil on an energy - equivalent basis, provides North America with a low - cost energy competitive advantage to rebuild our manufacturing industries.
Foley said that
the low cost of natural gas compared to crude oil represents a major arbitrage opportunity.
Not exact matches
Beyond climate change,
low -
cost natural gas has been one
of the most important transformations to have occurred for the energy industry in the United States.
The emergence
of low -
cost natural gas in the U.S., largely uncovered through fracking techniques, is one
of the major reasons that the country has been able to
lower its carbon emissions and has started to ween itself off
of coal use.
It's one
of the country's largest oil and
gas producers, but, says Cheng, price differentials between Canadian and world oil prices,
low natural gas prices,
cost inflation and project delays caused investors to get antsy.
All the while, the industry thrived financially under a combination
of high oil prices,
low natural gas prices (a major input
cost), recession - induced relief from
cost inflation and a reduced
cost of capital as majors and foreign national oil companies gobbled up wobbly juniors.
It's a
low -
cost producer, it's in four
of the five most attractive
natural gas basins in North America and it pays a 3.56 % yield.
Carlson hopes to leverage his
low -
cost gas into partnerships with downstream end - users without having to be a big investor: «If we're going to recover a large portion
of the value generated from our
natural gas production, we're going to have to take our value further down the supply chain.»
Cheap
natural gas has been an important source
of fuel for the oilsands, but most
of Canada already had abundant hydro - electrical endowments to power homes and businesses at relatively
low cost, so shale hasn't been much
of a revolution over here (pdf).
In the 1960s and «70s the Dutch discovered
natural -
gas deposits that could be pumped out
of the ground at
low cost.
Energy goods and services prices rose 0.2 % after their drop in April
of 4.5 %; Gasoline prices continued
lower modestly, but other energy
costs rose markedly, especially
natural gas for household utilities, which was up 2.4 % (16.6 % y / y).
Because
of low natural gas prices, the Civic Natural Gas may also offer 30 to 40 percent fuel cost s
natural gas prices, the Civic Natural Gas may also offer 30 to 40 percent fuel cost savin
gas prices, the Civic
Natural Gas may also offer 30 to 40 percent fuel cost s
Natural Gas may also offer 30 to 40 percent fuel cost savin
Gas may also offer 30 to 40 percent fuel
cost savings.
«Essentially, a
natural gas plant can comply with the EPA's proposed standard at a much
lower cost, which begs the question
of why investors would choose to build coal with CCS,» the report states.
Further, there are hopes for relatively
low -
cost natural gas to revive U.S. industries — from steel to plastics — that could take advantage
of current prices, which by world standards are cheap.
«
Low -
cost imaging system detects
natural gas leaks in real time: Infrared device enables reliable monitoring under a range
of environmental conditions.»
Natural gas prevailed for much
of the remainder
of the U.S.; nuclear was found to be the
lowest -
cost option in 400 out
of 3,110 counties nationwide.
The University
of North Dakota Energy & Environmental Research Center (EERC) is working with FuelCell Energy, Inc., an integrated stationary fuel cell manufacturer, to develop a durable,
low -
cost, and high - performance electrochemical cell to convert
natural gas and other methane - rich
gas into methanol, a major chemical commodity with worldwide applications in... Read more →
Low natural gas prices plus BP's Gulf of Mexico disaster made the well - capitalized firm an opportunist in securing low - cost, liquid - heavy assets from distressed selle
Low natural gas prices plus BP's Gulf
of Mexico disaster made the well - capitalized firm an opportunist in securing
low - cost, liquid - heavy assets from distressed selle
low -
cost, liquid - heavy assets from distressed sellers.
The new US locations provide some
of the
lowest -
cost oil and
natural gas in the United States, adding disproportionally larger free cash flows than rival firms.
Here was a company that was the
lowest cost producer
of natural gas, no debt, shares were not being constantly diluted by options, excessive stock grants or secondary offerings and the CEO owned 15 + %
of the company.
The problem with bringing the
gas to the
lower 48 is the energy
cost of shipping
natural gas long distances, which averages about 0.5 % per 100 miles (Alaska to Southern California is 3,000 miles, or a minimum
of 15 % loss).
Substitution through increased utilization
of existing combined cycle
natural gas power plants provides a relatively
low -
cost, short - term opportunity to reduce U.S. power sector carbon dioxide emissions by up to 20 percent, while also reducing emissions
of criteria pollutants and mercury.
Martens noted the
low price
of natural gas, the high local
cost of industry oversight and the large areas that would be off - limits to shale
gas development because
of setback requirements, water supply protections, and local prohibitions.
Thanks to record - setting production
of domestic
natural gas, up more than 50 percent between 2005 and 2015, there's a supply abundance that is increasingly is prompting the marketplace to turn to affordable
natural gas for power generation, benefiting the environment while
lowering costs for consumers:
With the development
of shale
gas and the surge in
natural gas liquids supply, the U.S. has moved from being a high -
cost producer
of key petrochemicals and resins to among the
lowest -
cost producers globally.
The downward trend in
natural gas prices has
lowered the
cost of a key input for some industries.
The coal industry is in an economic free - fall due to
low -
cost natural gas and an incoming wave
of steep environmental regulatory
costs.
The authors reject the idea that one expensive measure — the practice
of «firming» wind energy by balancing it with
natural gas generation at every hour — is necessary in light
of other
low -
cost options.
Showing data from financial firm Lazard and other sources, their presentation said
natural gas, coal and even some nuclear power plants were the
lowest -
cost producers
of electricity on the planet, cheaper than wind or solar.
The techniques
of hydraulic fracturing and horizontal drilling, in combination, have opened up vast new areas for
natural gas production, and
low -
cost natural gas has altered the energy landscape in the United States.
With power industry restructuring in the 1990s, the construction
of new power plants was dominated by independent power producers who favored
natural gas generation due to short construction times and
low capital
costs.
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The public has known for decades
of the link between burning fossil fuels and global warming, yet society has continued to use oil and
natural gas because there are still no alternatives that match their
low -
cost, their energy density, and their dispatchability.
There would be nothing wrong with promoting
natural gas - powered vehicles, especially since we have a huge supply
of low -
cost natural gas.
• Current expectations for a
low cost,
gas - driven electricity economy and significant deployment
of natural gas vehicles could be foregone due to LNG exports.
Whether smaller - scale coal plants make economic sense is another matter, particularly as the
cost of producing renewable energy comes down, and
natural gas prices remain at near - historic
lows, well under $ 3 / MMBtu.
o Opposing the use
of fracking to
lower the
cost of extracting oil and
natural gas.
Fracking and associated technology is quite safe and one
of the best technologies to increase production
of oil and
natural gas at a
lower cost.
«The surge in American
natural gas production has
lowered energy
costs for manufacturers and driven job growth, with U.S.
natural gas costs one - half that
of Europe and one - third that
of Asia,» according to the White House National Economic Council report.
Low natural gas prices make gas - fired generation economically attractive during periods of low demand when operators in many parts of the country have more flexibility to choose between coal - and natural gas - fired units based on their dispatch co
Low natural gas prices make
gas - fired generation economically attractive during periods
of low demand when operators in many parts of the country have more flexibility to choose between coal - and natural gas - fired units based on their dispatch co
low demand when operators in many parts
of the country have more flexibility to choose between coal - and
natural gas - fired units based on their dispatch
cost.
In his State
of the Union address on Tuesday, President Obama welcomed the environmental benefits
of low -
cost natural gas, noting that US CO2 emissions have declined sharply over the past four years.
It generates the equivalent
of three
natural gas plants and serves two critical functions: provide
low -
cost electricity and store water for emergency power production.
In recent years, expanded supply
of low cost natural gas, increased energy efficiency, growing market penetration
of renewable electricity sources, and substantial reserve margins have contributed to
low prices reflecting
low marginal
costs in wholesale energy and capacity markets.
«The first SMRs are expected to be within the range
of natural gas plants
costs assuming appropriate private - public partnerships to help reduce technology risks and keep first -
of - a-kind
costs low.
Just about half
of U.S. households use
natural gas as their primary heating fuel, and America's ongoing energy revolution is helping keep heating
costs low.
The great news is the U.S. has found a model that provides both economic growth and advances climate goals: an abundant supply (thanks to fracking)
of low -
cost natural gas.