Share to Twitter Share to Linkedin Adding flexibility and reliability, more natural gas will be critical to more wind and solar power / ... [+] AFP PHOTO / - / China OUT (Photo credit should read -/AFP/Getty Images) "Shale & renewables: a symbiotic relationship," Citi, here I have already shown here and here how U.S. natural gas power plants continue to increase in efficiency and reduce greenhouse gas emissions, but the high flexibility of these plants will also be increasingly critical in the years ahead. That's because gas is the backup source for more wind and solar power, which are naturally intermittent and need gas peaking plants to compensate for when "the wind doesn't blow" and "the sun doesn't shine." Gas combined cycle plants have a quick "ramp up" ability in a matter of minutes to generate electricity for those unforeseen periods when the wind and/or solar option goes away. As headlined here by MIT Technology … [Read more...] about Natural Gas Is The Flexibility Needed For More Wind And Solar
Wind power why is it good
Share to Twitter Share to Linkedin El Segundo Energy Center, a 560-MW combined cycle power plant in southern California. Source: ... [+] Combined Cycle Journal For electricity, the lifeblood of our modern world , efficiency has been installed as the 1st choice to reduce energy usage and related GHG emissions. Although renewables are ranked 2nd in this critical "loading order," 3rd ranked natural gas often gets deployed 1st because of greater availability and reliability. This demonstrates why since California first installed its Renewable Portfolio Standard in 2003, natural gas' share in the power generation mix has actually risen from 47% then to 61% today. Thanks to its clean burning, predictable, and flexible nature, natural gas has become an increasingly attractive fuel, boosted by a production boom and lower prices. Evolving technologies will continue to allow gas to play an expanding role in the clean generation of electricity. … [Read more...] about U.S. Natural Gas Electricity Efficiency is Always Improving
The Ayala group’s AC Energy Corp. (Acen) saw its second quarter consolidated net income jump by 25 percent to P1.8 billion as its domestic operations returned to profitability while its overseas projects revved up their output. Second-quarter results significantly improved — albeit not enough to reverse profit decline — in the first semester, with Acen’s net income falling by 19 percent to P2.2 billion. From April to June alone, Acen’s net income got a boost from fresh contributions from new power generators here and abroad, as well as the easing of transmission restrictions in the Visayas grid. Acen’s generators in the Visayas were forced to limit the output they delivered in the aftermath of Typhoon Odette in December, damaging transmission facilities. This worsened the “curtailment,” or forced reduction of supply deliveries, that had resulted in a June 2021 incident that damaged a major undersea transmission cable that links the islands of Negros and Cebu. The company said … [Read more...] about Acen’s Q2 profit up 25% as local operations rebounded
Share to Twitter Share to Linkedin Gallery: The 93 Global Billionaires In Oil And Energy, 2016 87 images View gallery The incredibly powerful combination of fracking and horizontal drilling has sent U.S. natural gas supplies through the roof and prices through the floor. With marketed production increasing about 35% since 2008 to ~78 Bcf/d, prices have plummeted over 60% to around $3 per MMBtu. Check this U.S. Energy Information Administration (EIA) graphic to see just how historically low our gas prices really are, here . Last year brought the lowest gas prices we have seen since 1999 - and prices will remain low for as far as our modelers forecast. EIA just projected here that U.S. gas production will increase 1-2% per year in the coming decades, surging to 85 Bcf/d in 2020 and onto more than 100 Bcf/d by 2035 and even more in the subsequent years. This unstoppable rise in U.S. gas production stems mostly from an … [Read more...] about Why U.S. Natural Gas Prices Will Remain Low
- A + A KUALA LUMPUR (Aug 9): Prime Minister Datuk Seri Ismail Sabri Yaakob will be informing all state governments to amend their respective state constitutions, in line with the Constitution (Amendment) Bill (No. 3) on the provisions that prohibits Members of Parliament from switching parties. Minister in the Prime Minister's Department (Parliament and Law) Datuk Seri Dr Wan Junaidi Tuanku Jaafar said this when winding up the debate on the Bill at Dewan Negara on Tuesday (Aug 9). "I have discussed with the Prime Minister that after we passed this Bill at Dewan Negara, I have requested the Prime Minister to send a letter to all states as raised by the senators, so that we standardise the amendment in all states. "(This includes) states that have made amendments or have not yet made amendments to follow our schedule as mentioned in the constitutional amendment, so that each state standardised with what we done at the federal level," he said. The Constitution … [Read more...] about Party hopping ban: PM to inform state govts on amending state constitutions
Share to Twitter Share to Linkedin It seems that just about everyone was in Mauritius at some point—Arabians in the 10th century, followed by the Malays and then the Portuguese, who named it Ilha do Cerne (“Island of the Swan”) but didn’t stick around. The Dutch colonized it, until that failed and the French moved in and named it Isle de France. After a war, the British had a turn until the country became independent in 1968. And while it doesn’t have an easy past (the colonists imported and enslaved much of the population, then enticed Indians essentially as indentured servants), the result of all that history today is a fascinatingly multicultural island. Everything seems to be a blend of European, African, Asian and Creole influences. The island is also an exclusive one, says Ashwin Cahoolessur, an officer at the Mauritius Tourism Promotion Authority. There are no low-cost flights, and some 50 of the island’s 101 hotels have five stars. He continues that … [Read more...] about 9 Reasons To Love Mauritius Now
Share to Twitter Share to Linkedin Famous Churchill Downs racetrack - you have to see it in person to appreciate it. I’ll Have Another, as in I’ll Have Another Kentucky Derby, hopefully as soon as next year. I just returned from Louisville, Churchill Downs, and “The Most Exciting Two Minutes in Sports,” and I can sum my experience up in one word: Awesome. I’ve been to a lot of major sporting events, including the Super Bowl, and the argument could be made that the Kentucky Derby is the best of all, mainly because it is about so much more than the race itself. Go to the World Series or NBA Finals and you get 3 hours of entertainment. Much of the fun surrounding the Super Bowl is in the form of invitation-only parties and VIP events, not the game. But the Kentucky Derby is the complete package, morning to night fun - for two full days - at a minimum. You don’t have to know anything about horse racing to love the Derby, with all its pomp and … [Read more...] about The Kentucky Derby: Great Fun And A Must-Do For Your Bucket List
Share to Twitter Share to Linkedin Both oil and gas exported from Russia bring in significant revenue that can be used to support the Russian war in Ukraine. But the export revenue from oil sales is much greate r than export revenue from gas sales. If the West stops buying oil this really hurts Russia – more than if the West stopped buying gas. Back in May, the EU agreed to ban all Russian oil imports by the end of 2022, at least those that are delivered by sea. That was a good move. Russia threatens to cut gas supplies to the European Union. Russia has realized that cutting natural gas doesn’t affect their export revenue (like oil does) but it affects the economies of EU countries a lot more. Russia supplied the EU with 40% of its gas last year , with Germany, Italy, and Netherlands the top three importers in actual volumes of gas. Germany had imported more than 50% of its gas from Russia via the Nord Stream 1 pipeline. By the end of June, … [Read more...] about Russia Threatens, EU Reduces, US Industry Helps To Untangle The Natural Gas War In Europe.
Dear Reader , The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. In a case of how cheer for the economy may not be so for markets, investors in US stocks fretted over excellent jobs data. US businesses added 5,28,000 jobs in July, beating most estimates by an embarrassing margin. US 2-year treasuries rose after the report, as the market priced in a more certain likelihood of another 75-basis point rate hike by the US Fed. But the S&P 500 slipped, as investors pondered over what too strong an economy could mean for interest rates. Those fears did not carry over to India, however, with the stock market rising by a strong 0.8 percent at 1.15pm. The RBI’s 50 basis point hike in the repo rate last week and its determination to stay in ‘withdrawal of accommodation’ mode is … [Read more...] about Moneycontrol Pro Panorama | Are US and Indian markets decoupling?
Share to Twitter Share to Linkedin Thursday, Florida Governor Ron DeSantis purged Tampa’s elected prosecutor, Andrew Warren. Warren had pledged not to prosecute people who seek and provide abortions. Warren had not actually had any such cases before him. DeSantis is, of course, vying for the Republican nomination for President in 2024. DeSantis has been taking shrill steps – Warren called this a “political stunt” - to woo the future primary voters, and to fundraise from those well off, with Trump views. Still, there is a real clash here. There are many blue enclaves in red states, like the Democratic cities in Republican Texas. Since the Supreme Court overruled Roe v. Wade there will be a new world of potential for prosecuting women or doctors or their helpers, even out-of-state helpers or organizations, for any part in abortions. It is entirely possible this is the first of many clashes between red state Governors and State Legislatures and … [Read more...] about DeSantis May Lose Suit By Tampa Prosecutor He Fired For Pro-Choice Stance