This is mind boggling.
They are intentionally KILLING very reliable, abundant coal. It used to provide 3.5 X more energy to generate electricity than NG did.
Now NG provides 2 X the energy for electricity compared to coal.
A reduction in the ratio of over 700% over the 2 decade period below.
https://www.statista.com/chart/23234/coal-and-gas-electricity-output/
One way they did this, was with strict regulations (burning coal emits double the amount of CO2 than ng) but a big one was using market price forces.
Cheap natural gas prices after fracking gushed massive supplies into the market over a decade ago, made ng MUCH cheaper than coal. That last price peak for ng in June 2008, at over $16 marked the end of high prices for ng and the beginning of the shale gas dominance.
Very cheap ng made coal much less competitive and was the main dynamic to explain the graph on the previous page.
Natural gas price chart below. Note prices dropping lower and lower after the $16 spike high in 2008.......and the shale gas revolution.
................until now.
We've seen an upside break out from the long lived 13 year downtrend in natural gas prices.
https://www.macrotrends.net/2478/natural-gas-prices-historical-chart
With NG prices doubling in the last year and the highest in a decade, I wondered if coal would be more competitive?
Holy Cow!
Look at the spike higher in coal prices!!!!
When you don't have much supply, this is what happens to prices. This is pricing coal out of the market, even as the price of ng has doubled.
What needs to happen is to increase mining of coal again, to increase supply to make it competitive.
Why should we do that?
Because we will NEVER be able to generate enough energy from just wind and solar. That type of power is just too diffuse, unreliable and extremely environmentally unfriendly(despite what you are being told.
Where do they think all the extra electricity is going to come from to power all these cars? Magic green fairy dust?
Without fossil fuels, we will greatly struggle to provide electricity needs that we have now!
This Winters potential energy crisis
Started by metmike - Oct. 6, 2021, 1:32 p.m.
https://www.marketforum.com/forum/topic/75856/
How we generate electricity
Started by madmechanic - Aug. 7, 2021, 2:17 p.m.
https://www.marketforum.com/forum/topic/73293/
Wind/ solar/batteries
16 responses |
https://www.marketforum.com/forum/topic/69028/
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Unless we invent a new way to get energy, like with hydrogen, we will need a great deal of fossil fuels thru the end of this century.
We will be massively increasing the demand for electricity from electric cars.
It has to be generated at power plants. Where do these people think all that extra electricity will come from? The Green energy fairy?
Look at the supplies below at the bottom of the page.
The energy source we have the most of.........and the US has more of this than any other country......is COAL.
https://chariotenergy.com/chariot-university/when-will-fossil-fuels-run-out/
This is energy policy retardation!!!!
All because of a fake climate crisis(its actually a climate optimum and the best weather and climate in over 1,000 years) that's greening up the planet.
Fake beer crisis/Death by GREENING!
Started by metmike - May 11, 2021, 2:31 p.m.
The US is blessed with massive amounts of coal....by far more than any other country in the world.
https://en.wikipedia.org/wiki/List_of_countries_by_coal_reserves
And look what they are doing to coal!!!
Taking the most reliable energy resource on the planet, the one that the US by far has the most of............and killing it for a fake climate crisis!
https://www.statista.com/chart/23234/coal-and-gas-electricity-output/
https://www.greentechmedia.com/articles/read/5-charts-that-show-how-coal-is-getting-killed-in-texas
Dubious climate science about the Texas cold disaster
Started by metmike - Sept. 15, 2021, 12:10 p.m.
https://www.marketforum.com/forum/topic/74928/
Global warming causes everything/TEXAS
https://www.marketforum.com/forum/topic/65704/
Texas energy messed up again
https://www.marketforum.com/forum/topic/71143/
All the climate reality discussions:
Killing Coal.....that would make a great title and read for O'Reilly's next book in his killing series. I have many if those books and they are very good reads
The main reason to Kill Coal of course is that when you burn it, the CO2 emissions are double the emissions of Natural Gas.
So it greens the planet up faster than Natural Gas greens the planet up.
Yes, it also contributes a tiny bit more to the slight increase to global temperatures which has been mostly beneficial to life.
The biggest environmental problem with coal is when they use strip mining to get it.
Underground mines don't do as much damage.
Everything you ever wanted to know about mining coal:
There are two ways to extract a mineral - by digging it up, or accessing it by tunnels. This pretty much sums up the comparison of surface vs. underground mining. But is it that simple? For a better understanding, ScienceStruck gives more differences between these two methods.
https://sciencestruck.com/difference-between-surface-underground-mining
Causing this upside breakout in the price of natural gas are current bullish fundamentals for natural gas related to increasing demand from exports/record high prices in Europe and the lack of big money wanting to take financial risk with the uncertainty of the future for fossil fuels (supply) and most importantly, all the investment incentives for financing, taxes and the like are gushing out to alternative energy plays and drying up for ALL fossil fuels.
I discuss this with comprehensive detail, regarding the production dynamics in these threads:
https://www.marketforum.com/forum/topic/77992/#78076
https://www.marketforum.com/forum/topic/76792/#76918
$555 billion to fight the fake climate crisis
Started by metmike - Nov. 2, 2021, 12:19 p.m.
By Andy May
https://wattsupwiththat.com/2022/01/10/iea-global-coal-power-generation-to-reach-a-new-high-in-2021/
It’s official, the IEA believes that coal-powered electricity generation will rise 9% in 2021 to an all-time high, once the final numbers are in. For the details see their new report here.
Crude oil is next.
https://wattsupwiththat.com/2022/06/08/india-reopens-100-coal-mines/
Reminder:
The US has the most proven coal reserves of any country on the planet but we are shutting it all down: https://www.marketforum.com/forum/topic/78168/#78173
CO2 is well mixed in the global atmosphere too.
Mike, when we have officials that run states like this, how do you expect them to make any rational decisions about any kind of energy.
Californian elected officials are dead set on returning California into a 3rd world country.
Thanks Jim! This is like living in the Twilight Zone.
I have a 2001 Taurus with 160,000+ miles on it and it would be banned in California.
The objective is supposedly environmental.
As a practicing AUTHENTIC environmentalist, one reason that I drive this car(and don't replace my old Ipad and Iphone) is that buying a new one means using up all the natural resources needed to make a new one.
Our penchant for buying new stuff....the latest and greatest stuff is exactly the biggest problem doing the most harm to the environment and gobbling up the most natural resources.
This is exactly what electric cars will do too. They use MUCH MORE rare earth metals and are actually very ANTI environmental because they want to use extremely anti environmental bird choppers.............I mean wind turbines.
Scroll down at the link below for some eye opening facts.
The US has not built a new coal plant in 10 years (with most closing or planned to close).
China and India, on the other hand will be building hundreds of new coal fired power plants.
CO2 is well mixed in the global atmosphere so any cuts coming from the US and Europe will be swamped by the increase in CO2 coming from Asia.
https://www.eia.gov/todayinenergy/detail.php?id=50658
| U.S. Energy Information Administration - EIA - Independent Statistics and Analysis Coal plants usually aren’t built with a specific planned or enforced retirement age. Retirements largely occur either when the cost of operating a plant exceeds expected revenue or when operating costs exceed the plant’s value to the power system, such as its value in providing reliability to the electric grid. www.eia.gov |
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https://www.marketforum.com/forum/topic/84429/#84434
They are replacing coal with energy like this(wind):
https://www.marketforum.com/forum/topic/27498/#88241
https://www.marketforum.com/forum/topic/27498/#88279
Wow, this really is like The Twilight Zone but it's a scheme perpetrated on mankind based on a fake climate crisis, energy DISinformation, junk science and environmental deception imposed by governments using capital cronyism to enrich the gatekeepers at the top with their self serving agenda and incredible monetary pay outs.
