This is mind boggling.
They are intentionally KILLING 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.
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.
We've seen an upside break out from the long lived 13 year downtrend in natural gas prices.
With NG prices doubling in the last year and the highest in a decade, I wondered if coal would be more competitive?
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.
How we generate electricity
Started by madmechanic - Aug. 7, 2021, 2:17 p.m.
16 responses |
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.
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.
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!
Dubious climate science about the Texas cold disaster
Started by metmike - Sept. 15, 2021, 12:10 p.m.
Global warming causes everything/TEXAS
Texas energy messed up again
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.
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:
$555 billion to fight the fake climate crisis
Started by metmike - Nov. 2, 2021, 12:19 p.m.