Vt. House greenlights bill requiring fossil fuel companies to pay for climate change damage
The money probably should go into state EV tax credit.
The money probably should go into state EV tax credit.
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Prediction: Coal has fallen. Nuclear is next then Oil.
- Thread starter nwdiver
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U.S. Power and NatGas Prices Plummet to Below Zero | OilPrice.com
U.S. spot power and natural gas prices plummeted into negative territory across Texas, California, and Arizona on Tuesday
oilprice.com
Spring and Fall.
Last edited:
U.S. Power and NatGas Prices Plummet to Below Zero | OilPrice.com
U.S. spot power and natural gas prices plummeted into negative territory across Texas, California, and Arizona on Tuesday
View attachment 1045178
Spring and Fall.
What does negative pricing mean? There's so much supply that they're looking for storage capacity and are willing to pay for that capacity?
Yep, the grid must be balanced and it's either turn off power assets or pay someone to accept the load (usage or storage). For natural gas, it's a lack of demand and storage are getting full. Same problem when we started having the economic shutdowns in 2020 and crude oil was negative.
If price arbitrage opportunities continue to strengthen, we will probably see more depleted oil/NG fields/reservoirs used for underground storage. This should help with seasonal demand and production related spot price fluctuations.
https://atlas.eia.gov/datasets/eia::natural-gas-underground-storage-1/explore?location=38.870288,-121.464504,6.94
https://atlas.eia.gov/datasets/eia::natural-gas-underground-storage-1/explore?location=38.870288,-121.464504,6.94
Raffy.Roma
Rome (Italy)
Actually fossil fuels should stay in the ground. If extra fossil fuels are produced they shouldn't go on sale at a lower price but they should go back in the ground hoping that they will never be used.
I mean atmospheric CO2 is high at record levels and we have overtaken the threshold of 1.5°C set by the Agreement of Paris. The goal is to reverse this situation, get again a Global Temperature Deviation under 1.5°C and get rid of fossil fuels as much as possible.
mspohr
Well-Known Member
Renewable energy passes 30% of world’s electricity supply
Report says humans may be on brink of cutting fossil fuel generation, even as demand for electricity rises
www.theguardian.com
Renewable energy accounted for more than 30% of the world’s electricity for the first time last year following a rapid rise in wind and solar power, according to new figures. A report on the global power system has found that the world may be on the brink of driving down fossil fuel generation, even as overall demand for electricity continues to rise.
The surge in clean electricity is expected to power a 2% decrease in global fossil fuel generation in the year ahead, according to Ember
Energy experts predict ‘next-level’ renewables boom, rude awakening for gas
Solar and wind investments reach tipping point in electricity supply, spelling doom for coal and gas, says think tank.
U.S. Gasoline, Diesel Demand Hit Seasonal Low Not Seen Since COVID | OilPrice.com
Demand for gasoline and diesel in the United States has plunged to its lowest seasonally since the onset of the COVID pandemic
oilprice.com
There's quite a lot of natural gas storage. It helps with seasonal demand variation.
This is the first double-glass solar panel: 500 W of power and almost free electricity
The first double-glass solar panel has an unseen power of 500 W and considerable possibilities for self-consumption
www.ecoticias.com
Batteries are taking on gas plants to power California's nights
California's record 10 gigawatts of grid batteries are finally pushing solar generation into post-sunset hours at a meaningful scale, new data shows.
www.canarymedia.com
Batteries are taking on gas plants to power California's nights
California's record 10 gigawatts of grid batteries are finally pushing solar generation into post-sunset hours at a meaningful scale, new data shows.
That 2023 to 2024 reduction in gas power plant production was a huge one! It probably coincides with the 2 PGE megapack sites coming online last year.
So now that we have empirical data proving out JB Straubel's thesis, how long before the rest of the world deploys more batteries to pair with their renewable energy? CATL is already marketing their version of the megapacks (without inverters). This should significantly help their coal reduction plans.
That's why the fossil fuel industry is panicking, they are giving Trump $1B to protect them. Yes, let's roll back so China can kick our butt. I guess we need to get ready to all become Amish and go back to horse and buggy - because we will be poor. LOL
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