Killing Coal
11 responses | 0 likes
Started by metmike - Nov. 21, 2021, 10:57 p.m.

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.

https://www.statista.com/chart/23234/coal-and-gas-electricity-output/

Infographic: Natural Gas Quickly Outpacing Coal | Statista

                                    


Comments
By metmike - Nov. 21, 2021, 10:57 p.m.
Like Reply

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

                                    


            

                

By metmike - Nov. 21, 2021, 10:58 p.m.
Like Reply

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?



By metmike - Nov. 21, 2021, 10:59 p.m.
Like Reply

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/

+++++++++++++++++++++++++

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/


When will fossil fuels run out?

How many years of fossil fuels are left?

                                    


            

                

By metmike - Nov. 21, 2021, 10:59 p.m.
Like Reply

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.            

https://www.marketforum.com/forum/topic/69258/

By metmike - Nov. 21, 2021, 11 p.m.
Like Reply

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/

Infographic: Natural Gas Quickly Outpacing Coal | Statista

                                    


            

                

By metmike - Nov. 22, 2021, 1 a.m.
Like Reply

5 Charts That Show How Coal Is Getting Killed in Texas

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/

By metmike - Nov. 22, 2021, 1:04 a.m.
Like Reply

All the climate reality discussions:

https://www.marketforum.com/forum/topic/27864/

By mcfarm - Nov. 22, 2021, 8:52 a.m.
Like Reply

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

By metmike - Nov. 22, 2021, 11:17 a.m.
Like Reply

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:


https://en.wikipedia.org/wiki/Coal_mining

By metmike - Nov. 22, 2021, 11:19 a.m.
Like Reply

Even more about mining to enhance your education/understanding......that you didn't realize you wanted to know (-:

The Actual Difference Between Surface and Underground Mining

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


Difference Between Surface and Underground Mining

By metmike - Nov. 22, 2021, 7:33 p.m.
Like Reply

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.            

https://www.marketforum.com/forum/topic/76969/