A booming economy. GDP growth during the first 2 years of the Trump administration has been about 50% higher than that of Obama’s eight-year maladministration.
Our manufacturing sector is booming.
A cold winter.
A booming economy drove up trucking and air travel.
Electricity demand increased and most of the increasing was powered by natural gas because renewables couldn’t even keep up with no growth.
The Appalachian Basin is driving growth of record-shattering U.S. natural gas production, which in turn has helped spur more than $25 billion in natural gas electricity generation investment in the region. In fact, there are 29 new 475-megawatt (MW) or greater natural gas-fired power plants that are in various stages of permitting, under construction or have recently become operational in Ohio (10), Pennsylvania (16) and West Virginia (3), representing more than 26,000 MW of added electric capacity, more than 17,000 jobs during construction and incredible emissions reductions in the electricity sector.
Trois jours après la clôture de la COP24, l’Agence internationale de l’énergie (AIE) a publié le 18 décembre son rapport annuel consacré au charbon. Elle y souligne le rôle central de cette énergie au niveau mondial et estime que sa consommation globale devrait rester stable dans les 5 prochaines années. Explications.
La consommation de charbon encore appelée à augmenter en Inde et en Asie du Sud-Est
Après deux années de baisse, la consommation mondiale de charbon a augmenté de près de 1% en 2017 et cette hausse devrait se poursuivre en 2018 selon les dernières estimations de l’AIE. Principalement consommé à des fins de production électrique(1), le charbon a encore compté pour 38% de la production mondiale d’électricité en 2017.
Dans son rapport Coal 2018, l’AIE estime que la consommation mondiale de charbon pourrait rester stable d’ici à 2023 : la baisse de la demande envisagée en Europe et en Amérique du Nord serait plus que compensée par une forte croissance de la consommation en Inde et en Asie du Sud-Est selon les prévisions de l’Agence.
Belgium’s electricity supply has become a serious problem. Without investment in new generation capacity, the security of electricity supply will deteriorate in the next few years. However, the country’s situation does not lend itself to optimism on this topic. Belgium is not a straightforward country. Its institutional structure can only be described as one of […] The post The Belgian electricity industry in chaos (https://www.europeanscientist.com/en/features/the-belgian-electricity-industry-in-chaos/) appeared first on European Scientist (https://www.europeanscientist.com/en)
Last year, we gave out five blazing predictions as we stepped into a brand new 2018. And, how did we fare? Well, the year isn’t new anymore but we did get 5 out of 5 of our predictions right! Self-congratulations are in order reaffirming why you read us. For 2019, really it’s more of the same, but with some caveats. Investors, listen. Readers, pay heed, we are about to deconstruct the next year. As audacious as it sounds, here are our 4 oil price predictions for 2019:
Despite oil accounting for a whopping 90% of Venezuela’s export earnings, President Maduro, a fervent supporter of the Paris Agreement, has courageously put principle before profits by implementing his version of a new green deal. Maduro has eliminated the capitalist exploiters from his nation’s oil industry, and replaced them with loyal army officers who are rapidly dismantling the infrastructure left behind by the capitalists.
The L. A. Times published an article addressing a panel discussion at the latest U.N. climate alarmist confab in Poland touting protests by attendees regarding the need for continued use of fossil fuels.
The “amazing” thing is that this isn’t a “new” oil discovery. It’s just a realization that a lot more oil and gas can be produced from these formations than was previously imagined.
The Permian Basin a nearly infinite resource. It seems as if there will always be more hydrocarbons to squeeze out of its numerous oil & gas reservoirs. From a Warmunist perspective the Bone Spring and Wolfcamp are much worse than previously thought…
While there’s little cobalt mining in China itself (1 percent of the world’s total output in 2017), Chinese companies have snapped up cobalt mines abroad in recent years, particularly in the Democratic Republic of Congo, the largest source of the metal.
Stronger oil and natural gas prices combined with continuing development of shales and low permeability formations drove producers of crude oil and natural gas in the United States to report new all-time record levels of proved reserves for both fuels in 2017. Total U.S. oil reserves in 2017 exceeded a brief, one-year, 47-year-old record, highlighting the importance of crude oil development in shales and low permeability plays, mainly in the Southwest. The new record for natural gas extends a longer-term trend of development, mainly in shale plays in the Northeast. Both U.S. proved reserves of crude oil and natural gas are approximately double their levels from a decade ago. These new proved reserves records were established in 2017 despite production of crude oil at levels not seen since 1972, and record natural gas production.
by Toi Staff, November 24, 2018 in TheTimes.of.Israel
HE LONGEST, DEEPEST UNDERWATER GAS NETWORK IN THE WORLD
Greece, Italy, and Cyprus have reached an agreement with Israel to lay a pipeline connecting the Jewish state’s gas reserves to the three countries, in a major project estimated at costing over $7 billion that will supply gas from the eastern Mediterranean to Europe, as the continent seeks to diversify its energy supply.
According to Hadashot TV, the European Union agreed to invest $100 million in a feasibility study for the project before the agreement was reached over the laying of the longest and deepest underwater gas pipeline in the world.
Indonesia’s consumption of domestic coal for power generation will almost double from 84 million t in 2018 to 157 million t by 2027. This increases power generation’s share of domestic consumption from 18.5% to 33.6%, which is likely to displace export tonnage.
Another factor contributing to the higher coal consumption is that Indonesia’s new power plants are designed to consume lower energy coal. This means more coal will be required per unit of electricity generated.
This increase in domestic consumption combined with potential government efforts to conserve coal reserves represents a downside risk for Indonesian exports.
Indonesia’s electrification programme to drive domestic coal demand
In the climate alarmists’ worldwide crusade against carbon dioxide gas, only the most delusional still believe that wind and solar power add anything to their arsenal.
As we have said repeatedly, nuclear power is the only stand-alone power generation source which is capable of delivering power on demand, without CO2 emissions being generated in the process.
Perversely, notwithstanding that Australia is in the top three uranium exporters, it’s the only G20 country with a legislated prohibition on nuclear power generation…
A few news items from The Shale Gas News, by Bill desRosiers of Cabot Oil & Gas. The main paragraphs below are adapted from desRosiers, but I’ve added some detail. Things are looking very good for the U.S. oil, gas and coal industries.
U.S. crude oil and natural gas production increased in 2017, with fewer wells. The total number of wells producing crude oil and natural gas in the United States fell to 991,000 in 2017, down from a peak of 1,039,000 wells in 2014. This recent decline in the number of wells reflects advances in technology and drilling techniques. EIA’s updated U.S. Oil and Natural Gas Wells by Production Rate report shows how daily production rates of individual wells contributed to U.S. total crude oil and natural gas production in 2017.
The well efficiency gains, in part, reflect an increase in the proportion of horizontal wells. The number of vertical wells decreased from 940,000 in 2014 to 864,000 in 2017. The number of horizontal wells increased from 99,000 in 2014 to 127,000 in 2017, an increase of 28%. This is important since only one percent of vertical wells produce 100 barrels of oil per day (BOPD) or more, but 30% of horizontal wells do. Typically, a horizontal well costs about twice as much as a vertical well to the same reservoir.
U.S. oil production grew from 10 million BOPD to 11 million BOPD between December 2017 and July 2018. Over the same period natural gas production grew from 97 BCF (billion cubic feet) to 100 BCF. Figures 1, 2, and 3 show the total number of wells drilled and the total oil and natural gas production.
by P. Homewood, November 17, 2018 in NotalotofPeopleKnowThat
It’s worth taking a closer look at the claim made last week that India is leading the world in tackling climate change.
The claim was based on India’s latest National Electricity Plan (NEP), which was published in April 2018. Below is the current situation for installed capacity, according to the NEP:
Since 2000, the world has doubled its coal-fired power capacity to 2,000 gigawatts (GW) after explosive growth in China and India. Another 200GW is being built and 450GW is planned.
More recently, 200GW has closed due to a wave of retirements across the EU and US. Another 170GW is set to retire by 2030 and 13 of the world’s 77 coal-powered countries plan a total phaseout.
Meanwhile, electricity generated from coal peaked in 2014, so the expanding fleet is running fewer hours than ever. This erodes coal’s bottom line, as does competition from gas and renewables.
The way coal’s next chapter unfolds is key to tackling climate change. All unabated coal must close within a few decades if warming is to be limited to less than 2C above pre-industrial temperatures, according to the International Energy Agency (IEA).
To shed light on this story, Carbon Brief has mapped the past, present and future of all the world’s coal-fired power stations. The interactive timeline map, above, shows the plants operating in each year between 2000 and 2017, as well as the location of planned new capacity.
Using data from CoalSwarm’sGlobal Coal Plant Tracker, it features around 10,000 retired, operating and planned coal units, totalling nearly 3,000 gigawatts (GW) across 95 countries.
Even with the Paris climate accords signed in late-2015, global coal demand in 2017 rose for the first time in two years, as reported by the Paris-based International Energy Agency during its annual World Energy Outlook release week.
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Global coal use increased in 2017, despite claims it is “dying.”DATA SOURCE: BP; JTC
Popular accounts of shale oil and gas reservoirs are often riddled with errors and, even when technically correct, often misleading. As a shale petrophysicist, retired from Devon Energy, I thought I would try and explain, in a non-technical way, how these reservoirs work and why they have been so successful.
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Figure 1. Major shale oil and gas plays in the United States. Source EIA.
by P. Homewood, November 9, 2018 in NotaLotofPeopleKnowThat
What are the environmental impacts? Generally the environmental impact of geothermal developments is extremely low. There are virtually no emissions and land use and visual impact are small. However, some potential impacts do need to be considered and information on each of these issues is set out in the sections below. All these issues will be fully considered as part of the planning process. Cornwall Council has worked with the industry to develop robust Supplementary Planning Guidance to ensure risks are mitigated and minimised. In addition to planning permission, projects must also obtain the necessary licenses from the Environment Agency.
What is the risk of earth tremors (induced seismicity)?
by Liam Denning, November 1, 2018 in BloomberOpinion
The contrast between the success of the U.S. oil and gas industry and unpopularity in the stock market grows ever starker.
The Energy Information Administration released revised monthly figures for U.S. oil production on Thursday. The headline is that production is up — way, way up. It reached 11.35 million barrels a day in August, fully 2.1 million barrels a day higher than a year before. That’s almost like adding a whole new Mexico in the space of 12 months.
by Samuel Furfari, 8 novembre 2018 in ConnaissancedesEnergies
Ça y est ! Le seuil de production de 100 millions de barils de pétrole par jour est désormais atteint. Il y a cinquante ans, on en consommait le tiers et c’est une perspective que beaucoup d’experts autoproclamés n’avaient pas envisagé. C’est une nouvelle occasion de répéter, à l’intention de ces « experts » et de ceux qui leur emboîtent le pas, qu’il est temps de cesser la rengaine de la fin du pétrole.
Bien que toutes les annonces passées relatives à la fin du pétrole aient été démenties par les faits, des semeurs de peur s’aventurent encore à lancer ces prévisions fantaisistes. S’ils le font, c’est parce que la peur fait vendre. Tout le monde y trouve son compte: le public reçoit sa dose d’adrénaline – même s’il se plaint du prix prohibitif de son plein de carburant – les auteurs perçoivent leurs droits, les éditeurs vendent des livres ou de la publicité sur leur site internet et des traders actifs à Genève profitent de la situation pour gagner, ne serait-ce que quelques cents en plus, sur les millions de barils de pétrole brut qu’ils négocient.
LONDON (Reuters) – Cuadrilla extracted its first shale gas from its site in northwest England, it said on Friday, after it began fracking operations there just over two weeks ago.
Cuadrilla said the gas flows were small but coming at such an early stage of the project were evidence of the potential of the site.
“This is a good early indication of the gas potential that we have long talked about,” Cuadrilla Chief Executive Francis Egan said in an emailed statement.
by P. Homewood, October 31, 2018 in NotaLotofPeopleKnowThat
China’s power statistics have now been published for Q3, and continue to show thermal generation rising quickly. (Thermal includes coal, gas and biomass).
The rise in thermal generation since last year is more than from all other sources put together.
Biomass is virtually irrelevant in the overall view of things, having only accounted for 1.2% of generation last year.
Once again, we see that China’s unstoppable demand for energy cannot be supplied from wind and solar alone. Indeed. these two sources have only contributed 18% of the extra year-on-year demand.
In overall terms, wind and solar have only supplied 4.6% and 1.3% respectively of China’s generation so far this year.
Nuclear technology is a major base-load power-generating source and accounted for 10.5% of global power generation in 2017 as per GlobalData, a leading data and analytics company.
The nuclear power sector is growing in many countries as demand for electricity increases. The company’s latest report ‘Nuclear Power – Thematic Report’ reveals that some 31 countries are currently operating nuclear reactors for their electricity generation. Countries with significant nuclear power capacity are the US, France, Japan, China, Russia, South Korea, Canada, and Ukraine, with more than ten gigawatts (GW) installed capacity each. Germany, the UK, Sweden, India, Spain, Belgium, and Taiwan have five to ten GW installed nuclear power capacity each.
The global cumulative installed nuclear power capacity in 2010 was 376GW, of which more than 100GW was in the US alone.
by Alain Préat, 17 octobre 2018, in ScienceClimatEnergie
Bertrand Cassoret a récemment publié un excellent ouvrage [1] sur le sujet. Cet auteur est ingénieur et docteur en génie électrique et s’est lancé sans a priori dans le dédale des ‘promesses’ des énergies vertes en tentant de préciser ce qu’il en est à partir d’une quantification rigoureuse des rendements énergétiques réels. Pourquoi ‘réels’ ? Simplement parce qu’il faut débusquer tout ce qui n’est pas mis en avant (principalement pertes énergétiques cachées) et surtout mettre à plat les ordres de grandeurs du monde de l’énergie. Sa conclusion sera sans appel « même si l’efficacité énergétique est utile et même indispensable, elle ne sera pas suffisante…il est nécessaire de modifier l’usage que l’on fait des appareils consommateurs ». Autre conclusion sans appel « mon objectif n’est pas de critiquer les énergies renouvelables, ni les nécessaires mesures d’efficacité, mais plutôt de montrer qu’elles pèsent bien peu face à l’ampleur des problèmes ».
