SeaGypsy wrote:So are they giving away free candles? Made from recycled orgainic beeswax?
Of course not, what's nothing wrong with a bit of darkness? After all, that's completely carbon-neutral...
SeaGypsy wrote:So are they giving away free candles? Made from recycled orgainic beeswax?
SeaGypsy wrote:So are they giving away free candles? Made from recycled orgainic beeswax?
Plantagenet wrote:KingM wrote:If the Sierra Club were at all serious about protecting the American environment, they would be advocates of immigration curbs in order to stabilize the American population at current levels.
That issue was fought out within the Sierra Club in the 80s. The Sierra Club used to be for zero population growth and in favor of limiting immigration to the US in order to protect the environment, but when they aligned themselves with the Democratic Party in the 80s, they also dropped the ZPG and immigration limits viewpoints, since those positions conflicted with the pro-immigration views of the democratic party in California.
dohboi wrote:"It's now a political organization"
????
Ummm, it's always been a political organization in the sense that it has endorsed candidates.
Outcast_Searcher wrote:So what do they propose instead? Unicorns?
Meanwhile, I guess they'll "contribute" to the solution by flying around in planes (A.K.A. the Al Gore "environmentalist" model) having "wilderness conferences" and the like to magically make everything better.
Consuming less crap and having few or no kids (and encouraging the high reproduction rate countries to go that route) would actually DO something about the issue. But no, we can't have any of THAT, only position statements, and requests for funds.
Christmas comes in June for energy geeks and graph junkies. Every year, the Energy Information Administration of the Department of Energy releases its Annual Energy Outlook (AEO), a compendium of 30-tear forecasts and analyses of energy sources and uses. The 212 page .pdf file contains tables, bar charts and area graphs galore, enough to provide blog fodder at least until Christmas (the December one).
This week’s installment is a look at production decline curves from selected shale gas plays. The extreme rates of decline experienced in these wells has interesting and far-reaching policy implications, although this angle is rarely described in the mainstream press. For the energy operator, the performance of his wells in aggregate determine the success or failure of his enterprise. For the nation, shale well performance has become a key factor in energy policy and planning.
The curves in Figure 54 at left represent averages for five different shale plays; each well is an individual. But what this curve fails to make explicit is the fact that there are very few wells in these shale gas plays with more than four years of history; the rest is projection.
Engineers commonly use decline curves (pdf) as a primary tool for analyzing historical performance of producing wells and forecasting their future performance. The total accumulated past and future production of a well is termed its Estimated (or Economic) Ultimate Recovery (EUR). The EUR of gas wells is measured in billions of cubic feet (BCF). The estimate of future production is termed “remaining reserves”.
Since a resource company’s primary asset is its reserves, these squiggly lines have a lot to do with a company’s financial performance. Truth be told, decline curve analysis can be subjective instead of scientific, particularly early on in a well’s life. Tight rocks like shales typically exhibit this characteristic “hyperbolic” shape, declining precipitously in the early years; EUR depends on how quickly the rate “breaks over” to a lower, more sustainable rate.
Peabody Energy Earnings Triple As Biden "Makes Coal Great Again"
This year's global demand for coal has been nothing but stunning and is a warning to proponents of the green energy transition. The modern world is dealing with a shortage of fossil fuel supplies and their increasingly soaring prices as renewable generation becomes unreliable ahead of the Northern Hemisphere winter. Despite President Biden's push for climate change policies that could transition the power grid to 100% renewables by 2035, he has done something former President Trump could only dream about: "Make Coal Great Again."
The latest signs coal is roaring back like never before despite Biden and the assault by the green lobby spearheaded by hapless puppet Greta Thunberg to kill fossil fuels is the Monday announcement by Peabody Energy Corp., the largest private-sector coal company in the world, expects increased demand for coal that will triple earnings for first seven months compared with the same period last year.
"The preliminary financial results we reported today continue to demonstrate the disciplined approach we are taking to control costs, expand margins and reduce debt. Coal sales to customers were in excess of $900 million, the highest level in seven quarters. We remain optimistic about the future given strong coal pricing and global demand fundamentals," said Peabody President and CEO Jim Grech.
Peabody Energy's shares jumped 16.5% to $18.55, reaching highs not seen since September. Around $18.73, a 38.2% Fibonacci retracement level sits. A break above that level could ignite more upside momentum.
All of this optimism about coal is happening under a Biden administration that is supposedly trying to kill the dirtiest fossil fuel. However, U.S. power plants are on course to burn 23% more coal this year, the first increase since 2013. The reason is that high natural gas prices make it uneconomic to produce electricity, and coal will help boost margins. Currently, 25% of all U.S. electricity produced is derived from coal-fired plants, up ten percentage points since the beginning of COVID.
The markets have spoken," Rich Nolan, the National Mining Association chief executive officer, recently told Bloomberg. "We're seeing the essential nature of coal come roaring back." The Energy Information Administration forecasts U.S. utilities are estimated to burn 536.9 million short tons of thermal coal, up from 436.5 million in 2020.
Ernie Thrasher, CEO of Xcoal Energy & Resources, the largest U.S. exporter of fuel, said demand for coal will remain robust well into 2022. Weeks ago, he warned about domestic supply constraints and power companies already "discussing possible grid blackouts this winter."
The rebound of coal under a Biden administration must be puzzling for many, but it has shown the green transition will take decades, not years. In the meantime, the world returns to coal.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Right. I'm sure that had nothing to due with the shut downs that happened in 2020 that reduced demand for US electricity. No sir, it was all Biden's incompetent energy policies. Completely ignore the fact that us coal consumption first half of 2021 is 9% lower than first half of 2019. Gotta love the partisan bullshit from zerohedge. Next time maybe not get your energy news from zerohedge?All of this optimism about coal is happening under a Biden administration that is supposedly trying to kill the dirtiest fossil fuel. However, U.S. power plants are on course to burn 23% more coal this year, the first increase since 2013. The reason is that high natural gas prices make it uneconomic to produce electricity, and coal will help boost margins. Currently, 25% of all U.S. electricity produced is derived from coal-fired plants, up ten percentage points since the beginning of COVID.
Annual U.S. coal-fired electricity generation will increase for the first time since 2014
The overall decline in U.S. electricity demand in 2020 and record-low natural gas prices led coal plants to significantly reduce the percentage of time that they generated power. In 2020, the utilization rate (known as the capacity factor) of U.S. coal-fired generators averaged 40%. Before 2010, coal capacity factors routinely averaged 70% or more. This year’s higher natural gas prices have increased the average coal capacity factor to about 51%, which is almost the 2018 average.
Although rising natural gas prices have resulted in more U.S. coal-fired generation than last year, this increase in coal generation will most likely not continue. The electric power sector has retired about 30% of its generating capacity at coal plants since 2010, and no new coal-fired capacity has come online in the United States since 2013. In addition, coal stocks at U.S. power plants are relatively low, and production at operating coal mines has not been increasing as rapidly as the recent increase in coal demand. For 2022, we forecast that U.S. coal-fired generation will decline about 5% in response to continuing retirements of generating capacity at coal power plants and slightly lower natural gas prices.
kublikhan wrote:Annual U.S. coal-fired electricity generation will increase for the first time since 2014[/url]
Ah yes. Our resident troll who got butthurt by democrats and now trolls every thread with anti-democrat partisan crap. Completely ignore the fact that shutdowns in 2020 reduced electricity demand. Keep focusing on your trolling instead.Plantagenet wrote:Another amazing failure by the Biden administration.
Who would ever have dreamed that after all the rhetoric from Biden and the Ds about climate change and the need to get off coal,
that their policies would actually result in an INCREASE in coal use in the USA.
Its a very clear example of the need to ignore what politicians say, and focus in like a laser on what their policies actually do.
Its hard to tell if Biden and the Ds were lying the whole time about climate change, or if they are just so incompetent that their policies inadvertainly produced this increase in coal use.
But either way, the increase in coal consumption on Biden's watch is yet another massive blot of failure and disgrace on the escutcheon of Biden and the Ds.
Cheers!
kublikhan wrote:Ah yes. Our resident troll who got butthurt by democrats and now trolls every thread with anti-democrat partisan crap. Completely ignore the fact that shutdowns in 2020 reduced electricity demand. Keep focusing on your trolling instead.
yellowcanoe wrote:We don't know yet know how high natural gas prices will go but rest assured that if people find they are paying considerably more for home heating and electricity they will take out their anger on the Biden administration.
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