By August, DOE released the study, which pinned coal and nuclear retirements
on cheap natural gas, debunked reliability concerns, and identified opportunities to improve grid resilience.
In last week's Energy Trends Insider our featured stories were How to Acquire Accurate Energy Data and Statistics, Investment Opportunities in Indian Energy Infrastructure, and a Subscriber Question
on Cheap Natural Gas — A Threat to Chemical and Biofuels Producers.
Not exact matches
He went
on, «You are 75 percent
cheaper than the rest of the world
on natural gas, you are 10 percent
cheaper on oil and you are half the price of gasoline as the rest of the world.
The reasons are familiar by now:
cheap natural gas,
cheap renewables, stagnant electricity demand, and old coal plants getting outcompeted
on the market.
It expects to lose about $ 60 million annually
on the plant because of competition from
cheap natural gas.
Ulster County Executive Mike Hein issued an executive order last week banning the use of fracking brine — a residue of drilling for
natural gas,
cheaper than salt —
on county roads.
FitzPatrick, which has 600 workers, has been losing money because of low wholesale power prices based
on cheap and plentiful
natural gas.
2 Fusion
On Tap Plasma physicist Eric Lerner has a dream: a form of nuclear energy so clean it generates no radioactive waste, so safe it can be located in the heart of a city, and so inexpensive it provides virtually unlimited power for the dirt -
cheap price of $ 60 per kilowatt — far below the $ 1,000 - per - kilowatt cost of electricity from
natural gas.
They never caught
on, however, because they could not compete with those powered by
cheap electricity and because their heat source — burning biomass or
natural gas — is difficult to manage.
This has happened in part because much of the Northeast relies
on readily available hydropower from Canada and rapidly expanding
natural -
gas - fired electricity generation made possible by
cheap natural gas from newly exploited shale deposits in Pennsylvania.
But it currently offers one of the safest plays in the sector, and longer - term it may also offer an interesting derivative play
on cheap US
natural gas.
I like its strategy of trying to pick up mature
natural gas properties
on the
cheap, while
natural gas futures prices are low.
A lot of the systems design that people are looking at — like Christopher Clack — even if you can get the renewables up to 80 percent, then you have a piece there probably
natural gas «peakers» [power plants that run in periods of high electricity demand], at least based
on current technology, are way
cheaper than any [energy] storage.
Subsidies were biggest in Russia, with about $ 40 billion a year spent mainly
on making
natural gas cheaper, ahead of Iran with $ 37 billion.
I suspect that we will be hearing a lot more about hydrogen cars too; the fossil fuel companies might well fund a fake «hydrogen economy» because the
cheapest hydrogen is made by steam reforming of
natural gas; people think that this is somehow better than just running a car
on CNG.
[W] ith the inability of the Connecticut House to pass a bill that would have allowed the state's only nuclear power plant, Millstone, to compete
on equal footing with
cheap natural gas and heavily subsidized renewables earlier this month, Connecticut is now in danger of losing its largest source of zero - carbon energy.
Between January and May, U.S. carbon emissions fell to a 20 - year low; 48 percent of that resulted from substituting coal for
cheap shale
natural gas, while little, if any, came from deploying subsidized wind and solar, according to Michael Levi, the director of the climate change program at the Council
on Foreign Relations.
«In the U.S., we've known that wind energy can be
cheaper than (
natural)
gas in some states, but solar is now inching toward that same milestone,» said Jacqueline Lilinshtein, U.S. analyst for Bloomberg New Energy Finance, a firm that advises industry clients
on energy issues.
Coal companies have lost more than 90 percent of their value since the global coal bubble in 2011, and many companies have declared bankruptcy due to collapsing demand, oversupply
on the international market,
cheap natural gas prices, and new environmental regulations.
due to collapsing demand, oversupply
on the international market,
cheap natural gas prices, and new environmental regulations.
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.
In a new report from Moody's, and reported
on by SNL, the ratings agency predicts that
cheap natural gas could lead to another massive wave of coal - fired power plant closures over the next year and a half.
While
natural gas is much less carbon - intense than coal or oil, a burgeoning industry based
on cheap shale
gas easily could swamp those gains in the long run.
Look at the charts starting
on page 6, and you will find that for energy sources you might be considering investing in today, wind is always reported to be the
cheapest, generally about 10 % less than the next
cheapest which is
natural gas.
Cheaper natural gas has pushed out older, less - efficient coal and oil generation; however, the region's increasing overreliance
on natural gas will provide few additional emissions benefits and increases risks of price volatility or supply disruption.
In many parts of the U.S., wind energy is now the
cheapest form of electricity generation —
cheaper than
natural gas and even coal, NextEra chief financial office Moray P. Dewhurst recently stated
on an earnings call.
On a per KW basis, the
cheapest plants to build are
natural gas at around $ 1,100 per KW.
Regulation of carbon emissions from the power sector under provisions of the Clean Air Act depends almost entirely
on the Environmental Protection Agency's determination that
cheap natural gas generation is the «best available» alternative to coal power plants.
In an op - ed for the New York Times, Michael E. Webber, deputy director of the Energy Institute at the University of Texas at Austin, blames coal's struggles
on cheap and plentiful
natural gas,
cheap renewables and air - quality regulations launched under the George W. Bush administration, as well as weaker - than - expected demand for coal in Asia.
Enron bought,
on the
cheap of course, the world's largest windmill company (now GE Wind) and the world's second - largest solar panel interest (now BP) to join Enron's
natural gas pipeline network, which was the second largest in the world....
Despite continued economic growth, emissions in the U.S. are
on a steady decline thanks in large part to
cheap natural gas.
Furthermore, the IEA report makes it clear that abundant
cheap natural gas could push renewables out of the market unless there is a price
on carbon or aggressive economic support for non-fossil renewable energy.
It's hard for me to take an article
on practical solutions to AGW seriously if it doesn't mention nuclear power or fracking and other
cheap natural gas.
As I wrote last year when the rule was initially announced, many states are already well
on their way to achieving the required reductions, thanks in part to a recent boom in
cheap natural gas and the Obama administration's choice of 2005 as the basis year for cuts, which was close to America's all - time peak in carbon emissions.
The state's largest electric utilities are proposing a steadily increasing dependence
on natural gas, which, while cleaner than coal, is still a fossil fuel — and not the
cheapest option.
Saudi Basic, the Middle East's dominant chemical maker, said
on Saturday that it wants to build a Houston headquarters for its Western Hemisphere operations as the company capitalizes
on the surge in
cheap natural gas supplies from North American shale fields.
With
cheap natural gas substituting coal for electricity production, a sustained downturn in coal demand in China, and tough new regulations
on greenhouse
gas emissions in the United States, pure play coal companies like Peabody Energy (NYSE: BTU) and Arch Coal (NYSE: ACI), are having a horrible run of it.
«Whatever President Trump may say, U.S. coal's main problem has been
cheap natural gas and renewable power, not a politically driven «war
on coal,»» explain BNEF chair Michael Liebreich and chief editor Angus McCrone.
So,
on top of retrofitting old alarms, you can buy a Roost Smart Smoke Alarm that can detect CO, all types of smoke (Roost uses a modified ionization sensor, called IoPhic, made by Universal Security Instruments), and
natural gas, or you can get a
cheaper smoke - only alarm.