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Drudge Retort: The Other Side of the News
Saturday, October 16, 2021

As governments prepare to pledge reduced carbon emissions at a U.N. climate summit, surging fossil fuel demand may focus minds on action, not words.

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Something's going on in the fossil fuel world. I wish I knew what it is.

Can it be blamed on supply-chain issues?

I doubt it.

But... natural gas is about twice as expensive as usual, going into the winter here in the northeast.

Winter-Fuel Worries Accelerate U.S. Natural Gas Price Increase
www.bloomberg.com

...Gas prices have already more than doubled this year and the peak, winter demand season is still weeks away in major cities like Chicago that rely heavily on the fuel for residential heating. The futures pushed almost 7% higher on Thursday after a government tally of crucial auxiliary supplies stored underground showed a weaker-than-expected increase with time running out to boost inventories. The gain was tempered late in the session by bearish midday weather forecasts.

Energy prices are soaring worldwide as the approach of winter in the northern hemisphere exposes widening supply deficits in gas, power and coal that have forced some manufacturers to idle factories. Post-pandemic economic rebounds may be in jeopardy in some of the world's biggest economies as the unprecedented pressures force governments and regulators to make hard choices about whether to triage energy deliveries to essential sectors....


I mean, a major WTF is in order here.

Why?

Did someone accidentally hit the "off" switch on something?



#1 | Posted by LampLighter at 2021-10-16 08:52 PM | Reply

Crazy time to be in the met coal business... prices are off the charts.

#2 | Posted by REDIAL at 2021-10-16 09:09 PM | Reply

I gotta ask...

Is this a staged reaction by the fossil fuel industry to what they see as threats to their profits by those who want to leave fossil fuels behind?

More bluntly, are they pi**ed at Mr Musk?

#3 | Posted by LampLighter at 2021-10-16 09:47 PM | Reply

"Winter-Fuel Worries Accelerate U.S. Natural Gas Price Increase"

To review:

Prior to the 90s, natural gas wasn't being used for electracy generation. It was mostly used for gas heating in the winter. Now why was that?

After the Arab Oil Embargo, Jimmy Carter signed an Executive Order. This Executive Order was to prevent America's heating bill do the heating bill equivalent of invading Russia in Winter.

George Bush rescinded that order shortly after becoming President. It's why America has been so good at getting off of coal fired power plants. Natural gas is cheaper and cleaner than coal.

Utility companies should be required to incentivize small scale home power generation, as they were with insulated windows and low energy lightbulbs. Your car is only 20% efficient, so why should it bother your solar panel is only 20% efficient?

#4 | Posted by snoofy at 2021-10-16 10:10 PM | Reply

Meanwhile in Okiehomie the current wind power infrastructure, which generates enough electricity to light Chicago, is less than 50% developed. A significant issue holding back further development of wind and solar power is that some states do not permit out of state power to cross state borders on it way elsewhere. Just as gas pipelines cross state borders, green electricity must be fully transportable around the country. There are many roadblocks on the way to greater green energy and they have to be taken down ...

#5 | Posted by catdog at 2021-10-16 10:53 PM | Reply

Rising fossil fuel prices will only increase the incentive to go green.

#6 | Posted by bored at 2021-10-16 11:15 PM | Reply | Newsworthy 1

I mean, a major WTF is in order here.
Why?
Did someone accidentally hit the "off" switch on something?

#1 | POSTED BY LAMPLIGHTER AT 2021-10-16 08:52 PM | REPLY

Not accidentally, it's intentional.
Energy prices, food prices, the supply chain "bottleneck"...this is big business telling Americans you better get rid of the tax the rich president and Congress or were gonna make you pay... literally.

#7 | Posted by ScottE at 2021-10-17 09:38 AM | Reply

Biden has the reverse Midas touch.

#8 | Posted by visitor_ at 2021-10-17 10:22 AM | Reply

There are many roadblocks on the way to greater green energy and they have to be taken down ...

#5 | POSTED BY CATDOG

The Democrats take them down and then Republicans get in power and they put up new roadblocks. Then Dems get into power and take them down again ... over and over ad nauseam

It's the Never Ending Story of Democracy in America. It's the reason we can't have nice things in America anymore.

#9 | Posted by donnerboy at 2021-10-17 10:35 AM | Reply | Newsworthy 1

Utility companies should be required to incentivize small scale home power generation, as they were with insulated windows and low energy lightbulbs. Your car is only 20% efficient, so why should it bother your solar panel is only 20% efficient?

#4 | POSTED BY SNOOFY AT 2021-10-16 10:10 PM | FLAG:

The tax incentives are nice but it's panel and lipo cell degradation that I don't like.

On thermal efficiency, more like 30% in the last 15 years of American market cars. We're past the 6mpg Escalade era. Toyota and Mercedes are at 40% in road car engines, 50% in race engines. Honda just completed their Size 0 F1 engine for the 2022 season. Nissan is claiming to be on the verge of a 50% thermally efficient 2 liter engine. Natural gas turbine power plants sit at 42% efficiency but suffer from significant transmission losses in the grid and more when converting to chemical storage in a battery and then discharging again.

#10 | Posted by sitzkrieg at 2021-10-17 03:32 PM | Reply

"more like 30%"

^
100% of which is lost in braking.

#11 | Posted by snoofy at 2021-10-17 03:55 PM | Reply

"Natural gas turbine power plants sit at 42% efficiency"

More like 65-70%

"significant transmission losses in the grid"

Around 5%

#12 | Posted by snoofy at 2021-10-17 03:56 PM | Reply

Sitzkrieg,

Solar deployed on rooftops could match annual U.S. electricity generation
pv-magazine-usa.com

The United States has enough usable rooftop space to deploy an amount of solar equal to its current nationwide generation levels, according to recent research on global photovoltaic potential. Researchers at Ireland's University of Cork leveraged big data, machine learning, and geospatial analysis to reach their findings, which were published in Nature Communications.

#13 | Posted by snoofy at 2021-10-18 12:54 AM | Reply

Yes. We have had the square footage to do that for 30+ years. Doesn't help the depreciation. That got significantly worse as US solar manufacturing was massively subsidized, collapsed immediately, and was parted out to China whom ship back cheap panels with low tolerances.

There's also more than PVs for solar, but I don't see the cold states rushing to install solar heaters.

#14 | Posted by sitzkrieg at 2021-10-18 07:26 AM | Reply

Also a bit behind the times for the science of Urban Planning. The goal is density, not suburban sprawl. Density is achieved by going vertical with drastically declining overhead square footage per residence for solar that is mostly taken up by AC units. The payoff is drastically lower transportation energy needs and land conversion. Unfortunately for solar installations it leaves little sun-aligned surface area to work with for microgeneration. They're far more suitable for vertical wind generation towers, but people don't like the noise and bird splatter attached to their home.

#15 | Posted by sitzkrieg at 2021-10-18 08:00 AM | Reply

"Also a bit behind the times for the science of Urban Planning. The goal is density, not suburban sprawl"

This isn't a future plan, this is a retrofit. The houses are already there.

#16 | Posted by snoofy at 2021-10-18 12:15 PM | Reply

Semantics. It's a plan for future sustainability of electrical infrastructure through microgeneration.

but the study is trash. It assumes 100% of roof area is available for solar and performs at peak. Cool use of LIDAR and OpenMaps API though.

#17 | Posted by sitzkrieg at 2021-10-18 03:09 PM | Reply

Not to mention depreciation of the panels. 1.25% per year from China panels. Thanks Capitalism.

#18 | Posted by sitzkrieg at 2021-10-18 03:10 PM | Reply

and the study isn't accounting for the drive to electrical vehicles. We're going to switch from microgeneration, you know, those hybrids, to mostly remote natural gas generation charging 440v systems to keep 180 kWh in batteries topped up nightly for the average 2 car family.

I for one look forward to the upcoming cobalt wars. I'm too old to get drafted.

#19 | Posted by sitzkrieg at 2021-10-18 03:13 PM | Reply

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