The Energy Thread

[Moliere]

The closest line is over 120 miles away. It would be quite a run.

Not really. My old company laid 500 miles of pipe at a cost of around $240 million. Granted this was in eastern New Mexico, but it's not that hard to actually lay the pipe in the ground. It's getting through teh regulatory process that takes time and money. So yes, in California laying 120 miles of pipe is never going to happen.

[Moliere]

Honestly, natural gas could save the planet, if we let it.

There is an abundant supply.

But the enviros have pushed an anti-gas policy, which is crazy to me. I've heard (although I haven't seen the research) that we could meet the Paris Accord by Asian countries replacing coal with natural gas generation.

If industry can clean up fugitive gas emissions and continue to reduce the amount of freshwater used in drilling/completing wells, it's an absolute no-brainer.

I'm actually very much in favor of renewables. But they have to be part of a synchronized system, which makes it a bit harder to plan. Intermittency is a bit of a red herring. Whether supply-side or demand-side, there is always a problem of intermittency.

Preach!

Progressives are against any non-renewable form of energy. They find dumb reasons to stop or slow down oil and gas projects and then turn a blind eye to those same reasons when people want to install huge solar farms or wind farms. I guess the lesser prairie chicken doesn't mind having its land covered in solar panels but it can't seem to live with a pumpjack, which has a much smaller footprint.

Progressives have also seriously hurt the public financings options for oil and gas companies. Capital is very hard to raise, which is why private equity is making a killing in this space. But less capital means less drilling, which means less production, which means less gas for the winter, which means skyrocketing prices especially in the northeast where gas pipeline projects have been nearly impossible to build over the last decade.

I'd love to get away from fossil fuels, but it ain't happening anytime soon unless some new technology comes around. Current wind and solar isn't gonna cut it. There's a reason why companies and countries are setting net zero targets for 2050. It's close enough that people think it'll make a difference but it's far enough away that the people making those promises right now won't be around when the goals aren't met.

[Jeff Lebowski]

Crazily, lots of places in Cali are starting to ban gas for new home construction and mandating electric only - so no gas cooktop, no gas furnace, no gas dryer.

https://www.sierraclub.org/articles/...as-free-future

Idiots

[BigFatMeanie]

Crazily, lots of places in Cali are starting to ban gas for new home construction and mandating electric only - so no gas cooktop, no gas furnace, no gas dryer.

https://www.sierraclub.org/articles/...as-free-future

[BigPiney]

Yeah, if I were in charge of energy policy, gas pipelines would be administrative to build. Eminent domain would be streamlined. Yes, it sucks for property owners, but they'll benefit and so will every living organism on the planet.

The closest line is over 120 miles away. It would be quite a run.

[Green Monstah]

I have no access to natural gas where I live. It was never piped into my valley. Makes me sad, and also poorer.

Yeah, if I were in charge of energy policy, gas pipelines would be administrative to build. Eminent domain would be streamlined. Yes, it sucks for property owners, but they'll benefit and so will every living organism on the planet.

[BigPiney]

I have no access to natural gas where I live. It was never piped into my valley. Makes me sad, and also poorer.

[Green Monstah]

Honestly, natural gas could save the planet, if we let it.

There is an abundant supply.

But the enviros have pushed an anti-gas policy, which is crazy to me. I've heard (although I haven't seen the research) that we could meet the Paris Accord by Asian countries replacing coal with natural gas generation.

If industry can clean up fugitive gas emissions and continue to reduce the amount of freshwater used in drilling/completing wells, it's an absolute no-brainer.

I'm actually very much in favor of renewables. But they have to be part of a synchronized system, which makes it a bit harder to plan. Intermittency is a bit of a red herring. Whether supply-side or demand-side, there is always a problem of intermittency.

[Moliere]

What's causing the crunch?

Mostly the transition to renewables, which aren’t generating as much energy as expected at dependable levels. Couple that with decreased oil/gas drilling due to many factors (decreased capital market access for energy companies, uncertain political policy climate over drilling, significant volatility in pricing, etc.) and you get less supply. Less supply and increased or higher than expected demand and you get nat gas prices currently over $25/mmbtu in the U.K. and EU.

recently when the winds in the North Sea, the U.K. had to turn in gas and coal fired plants to make up the difference. There’s always been concern over the dependability of wind power, but the big winter storm in Texas and the issues in the North Sea seem to validate that it’s not dependable and backup options are needed, which backup options are expensive to maintain.

[Clark Addison]

Embedded Tweet

I hope the wind blows a lot this winter

What's causing the crunch?

[Moliere]

Embedded Tweet

I hope the wind blows a lot this winter

[Moliere]

Nat gas prices are pushing $6, which hasn’t happened since 2012. Storage facilities are at five year lows. And it’s not winter yet. The northeast is gonna be in real trouble if this winter ends up being cold amd certainly if an Arctic blast hits at some point.

[Uncle Ted]

I've cracked the code on Energy - it's a project I'm working on. Before I can start - I need $50m. So I'm working on that first.

Feel free to ask any questions.

I know this guy in North Dallas... He has a brother named Tony.

[Pelado]

To where do I send the check?

[clackamascoug]

I've cracked the code on Energy - it's a project I'm working on. Before I can start - I need $50m. So I'm working on that first.

Feel free to ask any questions.