Tesla files to become an electricity provider in Texas
Tesla has also built several utility-scale energy storage systems around the world, but typically hasn't functioned as the retail electricity provider there.
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Prediction: Coal has fallen. Nuclear is next then Oil.
- Thread starter nwdiver
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- Energy Environment Policy
mspohr
Well-Known Member
Alaska’s Oil Industry May Be On Its Last Legs | OilPrice.com
Last week a judge halted the latest Alaskan oil project following a year of disappointment due to the Covid related drop in oil demand and the cancellation of project after project as the green transition takes hold. It’s hard not to be concerned over the future of Alaskan oil. As locals say they need Alaskan oil for jobs and income, Biden and other forces seem insistent on curbing production in the oil-rich region.
So, while we can blame Biden and environmentalism for the recent loss in Alaska’s oil economy and its rising unemployment levels, Alaska must respond to the decades of decline that came before. It may still have a few years left in it, with existing production remaining relatively steady, but one thing is sure, Alaska must invest more heavily in its non-oil sector if it hopes to thrive once again.
Last week a judge halted the latest Alaskan oil project following a year of disappointment due to the Covid related drop in oil demand and the cancellation of project after project as the green transition takes hold. It’s hard not to be concerned over the future of Alaskan oil. As locals say they need Alaskan oil for jobs and income, Biden and other forces seem insistent on curbing production in the oil-rich region.
So, while we can blame Biden and environmentalism for the recent loss in Alaska’s oil economy and its rising unemployment levels, Alaska must respond to the decades of decline that came before. It may still have a few years left in it, with existing production remaining relatively steady, but one thing is sure, Alaska must invest more heavily in its non-oil sector if it hopes to thrive once again.
That's because Toyota sponsored the entire series of videos! If you watch her most recent video on Hydrogen vs. Batteries, it's clear that she's trying to paint hydrogen in as positive of a light as she can without saying what's really on her mind.
jimm01
Member
The production of green hydrogen requires renewable electric sources (ruling out fusion). Using green hydrogen for long-term electric storage or high energy industrial process (e.g. steel production) is reasonable. However, to make the business model work requires wider distribution and use. This puts green hydrogen at odds with residential solar and wind.
Pretty good piece. Coal communities have only two choices, a just transition or a slow death. They cling desperately to the past at their peril.
mspohr
Well-Known Member
CleanTechnica: IEEFA Says New Coal Power Plants In India Will Become Stranded Assets. IEEFA Says New Coal Power Plants In India Will Become Stranded Assets
mspohr
Well-Known Member
3 Distinct Futures For The Oil Industry | OilPrice.com
The higher prices of 2021, and the substantial cost-cutting of last year, have boosted 2021 earnings and illuminated three probable paths for E&Ps moving forward:
Integrated oil and gas companies seem more likely to use their capital to invest in decarbonization and alternative energies,
Many independents will be more likely to reinvest in their core business as oil and gas continues to be needed for decades to come,
A smaller subset of companies may choose a path toward slow liquidation, returning capital to shareholders instead of investing for the future.
The higher prices of 2021, and the substantial cost-cutting of last year, have boosted 2021 earnings and illuminated three probable paths for E&Ps moving forward:
Integrated oil and gas companies seem more likely to use their capital to invest in decarbonization and alternative energies,
Many independents will be more likely to reinvest in their core business as oil and gas continues to be needed for decades to come,
A smaller subset of companies may choose a path toward slow liquidation, returning capital to shareholders instead of investing for the future.
A slow news day in the UK: Britain forced to fire up coal plant amid record power prices and winter squeeze
Coal here is moribund at best but there is a small amount of standby capacity. In another article in the same rag they explain that soaring gas prices, which are contributing to increased coal usage, are in part due to the Russians limiting flow to try to prevent hoarding ahead of winter. Yet somehow it’s the fault of renewables……
Coal here is moribund at best but there is a small amount of standby capacity. In another article in the same rag they explain that soaring gas prices, which are contributing to increased coal usage, are in part due to the Russians limiting flow to try to prevent hoarding ahead of winter. Yet somehow it’s the fault of renewables……
jimm01
Member
Twenty years ago the ruse was natural gas produce via hydraulic fracturing would create inexpensive domestic energy for over 100 years, because unlike oil natural gas is a local market.
Appalachia is breaking production records, so why U.S. natural gas prices are soaring?
Here's why.
U.S. natural gas production in the other shale basins is not recovering from the pandemic-induced slump last year as fast as in Appalachia. In the Permian, fewer oil-directed rigs are pumping less associated gas.
Overall American dry natural gas production is rising. But it's not increasing so quickly as to offset surging U.S. gas exports via pipelines and liquefied natural gas (LNG) cargoes, which have been setting all-time high records this year. Scorching summer heat waves and low natural gas inventories have also driven natural gas prices higher over the past few months.
Moreover, major gas producers in Appalachia are holding off on splurging on budgets to boost production too much, expecting stronger price signals in the futures curve a year and two from now.
oilprice.com
Appalachia is breaking production records, so why U.S. natural gas prices are soaring?
Here's why.
U.S. natural gas production in the other shale basins is not recovering from the pandemic-induced slump last year as fast as in Appalachia. In the Permian, fewer oil-directed rigs are pumping less associated gas.
Overall American dry natural gas production is rising. But it's not increasing so quickly as to offset surging U.S. gas exports via pipelines and liquefied natural gas (LNG) cargoes, which have been setting all-time high records this year. Scorching summer heat waves and low natural gas inventories have also driven natural gas prices higher over the past few months.
Moreover, major gas producers in Appalachia are holding off on splurging on budgets to boost production too much, expecting stronger price signals in the futures curve a year and two from now.
Natural Gas Prices Are Soaring Despite U.S. Production Records | OilPrice.com
Benchmark natural gas prices have almost doubled over the last year despite the fact that the U.S. biggest gas-producing region is churning out record amounts of gas
oilprice.com
Hyundai outlines broad hydrogen strategy; focus on commercial vehicles; cost parity with BEVs by 2030
In an online event from Seoul, Hyundai Motor Group presented plans to popularize hydrogen by 2040 through the introduction of new technologies and mobility solutions in transportation and other industrial sectors. The Group said it will electrify all new commercial vehicle models—featuring fuel...
www.greencarcongress.com
"cost parity with EV by 2030" but is it cost parity with EV price of 2030 or cost parity with EV price of 2021? Regardless, still less convenient to own a hydrogen vehicle.
mspohr
Well-Known Member
NPR: Most Oil Should Stay Underground, Study Finds. To Avoid Extreme Disasters, Most Fossil Fuels Should Stay Underground, Scientists Say
With tens of thousands of people displaced by floods, wildfires and hurricanes this summer, researchers warn that the majority of untapped fossil fuels must remain in the ground to avoid even more extreme weather. Fossil fuel producers should avoid extracting at least 90% of coal reserves and 60% of oil and gas reserves by 2050, according to a study published in Nature, to limit global temperature rise to 2.7 degrees Fahrenheit. Even then, that gives the planet only a 50% chance of avoiding a climate hotter than that.
With tens of thousands of people displaced by floods, wildfires and hurricanes this summer, researchers warn that the majority of untapped fossil fuels must remain in the ground to avoid even more extreme weather. Fossil fuel producers should avoid extracting at least 90% of coal reserves and 60% of oil and gas reserves by 2050, according to a study published in Nature, to limit global temperature rise to 2.7 degrees Fahrenheit. Even then, that gives the planet only a 50% chance of avoiding a climate hotter than that.
You wouldn't own one. By cost parity, they mean cost parity with commercial EVs.
Hyundai outlines broad hydrogen strategy; focus on commercial vehicles; cost parity with BEVs by 2030
In an online event from Seoul, Hyundai Motor Group presented plans to popularize hydrogen by 2040 through the introduction of new technologies and mobility solutions in transportation and other industrial sectors. The Group said it will electrify all new commercial vehicle models—featuring fuel...www.greencarcongress.com
"cost parity with EV by 2030" but is it cost parity with EV price of 2030 or cost parity with EV price of 2021? Regardless, still less convenient to own a hydrogen vehicle.
mspohr
Well-Known Member
Ars Technica: House bill would eliminate natural gas power, impose sweeping changes on economy. House bill would eliminate natural gas power, impose sweeping changes on economy
The most significant piece in the bill is the Clean Electricity Performance Plan, a suite of carrots and sticks intended to steadily increase the amount of clean power produced by utilities and producers. The House is considering a target of 80 percent clean power by 2030, a significant increase from today’s 20 percent but one that falls short of Biden’s stated goal of net zero by the end of the decade. To hit the target, the bill would provide $150 billion in tax incentives for clean energy, which the bill defines as anything producing less than 0.1 metric tons of CO2 equivalent, a level that effectively eliminates natural gas from consideration. To qualify for the incentives, power producers have to increase the supply of clean energy by 4 percent annually. If they fail to do so, they’ll be charged $40 for every MWh they fall short.
So far, Republicans are united in their opposition, and the reconciliation bill’s passage appears to hinge on whether Sen. Joe Manchin (D-W.Va.) approves of key portions. Manchin, who represents coal-rich West Virginia and who owns millions of dollars of stock in a coal brokerage, has expressed reservations about the bill eliminating fossil fuels.
The most significant piece in the bill is the Clean Electricity Performance Plan, a suite of carrots and sticks intended to steadily increase the amount of clean power produced by utilities and producers. The House is considering a target of 80 percent clean power by 2030, a significant increase from today’s 20 percent but one that falls short of Biden’s stated goal of net zero by the end of the decade. To hit the target, the bill would provide $150 billion in tax incentives for clean energy, which the bill defines as anything producing less than 0.1 metric tons of CO2 equivalent, a level that effectively eliminates natural gas from consideration. To qualify for the incentives, power producers have to increase the supply of clean energy by 4 percent annually. If they fail to do so, they’ll be charged $40 for every MWh they fall short.
So far, Republicans are united in their opposition, and the reconciliation bill’s passage appears to hinge on whether Sen. Joe Manchin (D-W.Va.) approves of key portions. Manchin, who represents coal-rich West Virginia and who owns millions of dollars of stock in a coal brokerage, has expressed reservations about the bill eliminating fossil fuels.
mspohr
Well-Known Member
Most plans for new coal plants scrapped since Paris agreement
The report found that more than three-quarters of the world’s planned plants have been scrapped since the climate deal was signed, meaning 44 countries no longer have any future coal power plans. The climate groups behind the report – E3G, Global Energy Monitor and Ember – said those countries now have the opportunity to join the 40 countries that have already signed up to a “no new coal” commitment to help tackle global carbon emissions.
The report found that more than three-quarters of the world’s planned plants have been scrapped since the climate deal was signed, meaning 44 countries no longer have any future coal power plans. The climate groups behind the report – E3G, Global Energy Monitor and Ember – said those countries now have the opportunity to join the 40 countries that have already signed up to a “no new coal” commitment to help tackle global carbon emissions.
mspohr
Well-Known Member
The climate advocates who refuse to divest from big oil
Bill McKibben, a founder of 350.org, said this was all too little, too late and risked providing cover for the fossil fuel industry to appear to take the climate crisis seriously while dragging its heels. He said that shareholder engagement could be effective in getting a company to pay its workers more or adapt its business model – but that was not what was at stake with the oil and gas industry.
“The problem with fossil fuel is that it’s not like there’s a flaw in an excellent business plan. The business plan is that these are companies that essentially exist for one purpose, which is to dig stuff up and burn it. That’s all they know how to do,” he said. “Their track record, both as companies and as political actors over the last three decades, has been that they will do whatever they can maintain that business model, even in the case of the planet breaking.”
Bill McKibben, a founder of 350.org, said this was all too little, too late and risked providing cover for the fossil fuel industry to appear to take the climate crisis seriously while dragging its heels. He said that shareholder engagement could be effective in getting a company to pay its workers more or adapt its business model – but that was not what was at stake with the oil and gas industry.
“The problem with fossil fuel is that it’s not like there’s a flaw in an excellent business plan. The business plan is that these are companies that essentially exist for one purpose, which is to dig stuff up and burn it. That’s all they know how to do,” he said. “Their track record, both as companies and as political actors over the last three decades, has been that they will do whatever they can maintain that business model, even in the case of the planet breaking.”
Well, this is very exciting, 1 GW for 2 hours.
vs 250MW peak for much shorter period just 6 mo ago.
vs 250MW peak for much shorter period just 6 mo ago.
mspohr
Well-Known Member
L.A. County Will Shut Down Miles of Urban Oil Fields
Los Angeles County took a step toward a complete ban on oil and gas production within its borders after the Board of Supervisors unanimously approved on Wednesday a motion to phase it out on unincorporated land. It’s the largest urban area in the country to declare such a ban, which will impact over a thousand active wells. County Supervisor Holly Mitchell co-authored the motion, which cites a growing body of research linking proximity to oil production wells and health problems including low birth weights, cardiovascular disease and respiratory problems. During the board meeting, Mitchell said that nearly 73% of county residents living near wells are people of color.
Los Angeles County took a step toward a complete ban on oil and gas production within its borders after the Board of Supervisors unanimously approved on Wednesday a motion to phase it out on unincorporated land. It’s the largest urban area in the country to declare such a ban, which will impact over a thousand active wells. County Supervisor Holly Mitchell co-authored the motion, which cites a growing body of research linking proximity to oil production wells and health problems including low birth weights, cardiovascular disease and respiratory problems. During the board meeting, Mitchell said that nearly 73% of county residents living near wells are people of color.
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