Bad news for "clean coal". https://www.nytimes.com/2017/06/28/climate/kemper-coal-mississippi-clean-coal-project.html
Here on this July 4th I am proud to call out the counterproductive socialist and communist belligerents, who are combating our fossil fuels energy industry, and alert them to cease and desist their activities for the good of this nation, for the good of our allies, and for the good of the world. Be smart. Be patriotic. Be American.
Without heavy subsidization, how can LNG shipped via the Atlantic compete with Russian gas shipped via pipelines.
The whole point of LNG is so it can be shipped overseas Energy companies have been investing heavily in LNG the past ten years As of now the EU gets 20% its gas from Russia because it has to Since America has so much gas there are plenty of companies who want to export the excess and it has to be liquid to ship
Russia can compete on cost due to its proximity and pipelines, that's not to say the US won't be exporting LNG to Europe. Asia is the US's most lucrative market. I do think the US can take market share from Russia
Any ideas to which Asian countries in particular? Japan? South Korea? Can US companies out compete LNG from Australia & Qatar in the Asian market though? China is a pretty big gas producer themselves & have pipelines linked with the various "stan" countries in Central Asia and developing pipeline to link up with Russia & Iran. India is thinking about pipelines with Russia and Iran
Well sure, that's why there are a few LNG export terminals under construction (one just wrapped up). Australia has proximity but much higher labor costs and Qatar is in the unfriendly Middle East and is being ganged up on by its neighbors. I'm sure. The US has most of the infrastructure in place, while those countries you mentioned will have to build that infrastructure through remote desert. Considering the amount of energy the world will need in the next 5, 10, 15 years, I think the US will be able to supply many different parts of the world. I would bet, I literally have with an index, that the US will become a major nat gas exporter with it's stability being the most important asset.
And fortunately for the US, Australia has limited its production capabilities with more regulations on natural gas and fracking and it's affected supply so much so that it even affects domestic electricity prices with some of the most expensive in the world and where the closure of old coal plants without replacement by new ones means that in a few years, all of Australia may be suffering from brownouts.
An interesting article by that leftist rag Forbes..... https://www.forbes.com/sites/thebak...s-manufacturing-and-lng-exports/#4d0215aa4fc7
Dang quick response... Just posted an article about that aspect. Even before those restrictions on supply by Australia, Chevron's Gorgon was wayyyy over cost.
Coal jobs were always about sentiment far more than they were technical economic policy. Lacking emotional intelligence in addition to having data viz illiteracy is going to do the Democrats no favors in 2018 or 2020.
Twice the jobs, 1/20th of the electricity: https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_1_1 To paraphrase Milton Friedman, if you want energy to power a modern economy you go with oil, coal, natural gas, hydro, nuclear. If you want jobs regardless of quality, you go with solar.
Aside from drilling down into specifics, the US has plenty of gas. LNG exporting could in no way increase the price here. Supply is overwhelming
People don't use oil to make electricity. Milton Friedman maybe didn't understand technology or was dead by the time the prices really started collapsing, but solar prices have been dropping like a rock especially since the Chinese are dumping pv cells on the market. As the technology gets cheaper it is getting close to fossil fuel levels. You will need to have nat gas or some other sources to balance the demand curves when solar is down etc., but its the future. I think coal is pretty much a dying industry. The data from your link shows you that. https://www.lazard.com/media/438038/levelized-cost-of-energy-v100.pdf
No worries. I'm not familiar with the natural gas market, good to read info from more knowledgeable posters.
This is false. Oil and natural gas provide ~29% of the energy for generating electricity in the world. Natural Gas is the largest contributor to reductions in CO2 emissions over the past 10 years because it has been replacing coal powered plants, especially in the US. Coal is still 39% or so and nuclear and hydro are about 28% together. All the "green" technologies make up the other tiny little bit. Oil produces about 5 times more electricity on this planet than solar does.
I clearly stated oil not natural gas which are completely different things. Not much oil is used to produce electricity. Its used for cars and polymers and stuff like that. Just look at EIA data: https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_1_1 The trends are pretty clear. Renewables are growing at a pretty good rate.
Oil and natural gas are the same... hydrocarbons and they both come out of the same hole in the ground using the same drilling and fracking technologies. Either way oil is used to make the tech that makes solar, wind, tidal etc. possible as well as every other type of electric generation and transmission so in a way it all uses oil.
