Whether it comes from politicians, ESG insiders, or competing industries, demand for natural gas is declining in some way, and investments in new supply are also unacceptable, which is clearly false.
For example, Jr. Morgan reports that the “energy transition” may take longer than many would like – most importantly because the investment bank itself is, at least for me, under extreme pressure to ensure something different.
While the importance of wind and solar power is growing, it is proving that not only complementary but also more reliable natural gas power is more realistic.
The world is now in the grip of natural gas shortages and prices are rising, which is a major indication that the world’s oil is not appreciated by the media and politicians.
Considering the importance of gas for the energy and industrial sectors, the high prices for even the richest countries that have long promised to “get off the gas” are commensurate with the recovery of the VV-19 world economy.
Germany and Europe
Germany’s Next Power TransitionPower supply) Wants to impose as much wind and solar power as possible and significantly reduce gas, coal and nuclear demand, or “hopefully” up to $ 4 trillion.
This energy, which made Germany the world’s largest electricity producer, is unrealistic.
Germany’s failures are significant because a fully developed country is much easier than most.
Germany may have the world’s largest engineering community, low population growth, a slight increase in energy demand and unrestricted financial resources – the great benefits of “going out of gas” and in stark contrast to the emerging world power – a group of 160 nations that make up 85 percent of the world’s population Prohibited.
For example, Germany is still forced to build the most controversial gas pipeline to Russia – the Nord Stream 2 link is expected to begin next month.
Germany is also looking to build liquid natural gas (LNG) terminals to import more gas.
The German Federal Ministry of Economic Affairs and Energy has stated that “gas will continue to make a significant contribution to Germany’s energy supply in the coming decades.”
Across Germany, gas prices in Europe have more than quadrupled over the past year due to the cold winters and, surprisingly, are still continuing.
In fact, the combination of “expensive gas, unstable renewable energy” experts in ICIS is becoming a major threat to Europe’s most climate-friendly coal.
For years, the Kyoto Protocol was adopted. Since it was approved in 1997, one can argue, we have been told that everything will be very different: the wind and the solar system will stop the demand for coal and gas.
Energy e-commerce has made Russia and Europe more reliant on politically dangerous Russian gas than ever before, and this summer could be even worse.
California and America
There is no state in the United States in California when it comes to electricity and the use of many renewables to “get out of gas.”
This is because of the mild weather and the large number of people living under one roof, setting foot on the “green” state.
For example, the average American uses more than 60% of the electricity in California.
So while electricity prices are 50-55% higher than the national average, Californians have some manageable utility bills: “Why does California get more green energy than your state?”
Still, for two decades of hard work and tens of billions of dollars to push the hurricane and the sun on the grid at all costs, natural gas remains California’s main source of energy, generating 45% this year.
With the retirement of nuclear power plants in San Onofre and Diablo Canyon, and limiting access to more drought water, California’s gas demand may be becoming more volatile, especially when the sun is out.
California gas prices rose in June, but gas production was forced to rise immediately, once again putting low-income residents and communities of color in jeopardy.
In short, the country’s greenery was an expensive “alternative” to fill up on expensive gas when they needed it most.
Now, California officials have approved the construction of five new gas-fired power plants to keep the lights on, which is needed to help eliminate the alarms and steering signals.
This is obvious because California’s solution to such issues always goes blind – “Our electricity problems are due to climate change, so we really need to build more, wind and sun to fight climate change” (Never mind that climate change is a global issue , And California (only 1% of all CO2 emissions).
A few days ago, the California Department of Electricity was forced to request a “first-of-its-kind” stay in the state for 60 days.
Of course, all of this is exactly the opposite of what we are hearing when the wind and the sun build.
The real shock, I know, is that even as a “solar capital,” California doesn’t know how to keep solar lights on at night without sunlight.
In other parts of the United States, when gas is unavailable or very expensive, coal, an occasional renewable energy, is still a general complement to a gas converter.
This summer, as natural gas markets have been booming since 2014, our two largest energy markets, PJM and MISO, have been forced to return to the black stuff.
Too many “environmental groups” here on Earth, like “practical energy-climate groups,” should join us and support low-carbon and reliable natural gas — at least in order to avoid the public outcry that is already beginning. Constant, high cost renewable.
Of course, it is a conversation that many want to ignore, but last year Texas and California showed as much new “green” as possible as so many natural cross-border sources were entering the system to push base load sources. Namely coal, nuclear and gas.
Coal is said to be a “low-hanging fruit” for President Biden’s energy-climate plans.
Increasingly, as coal plants retire, and the US Department of Energy’s latest forecast that our nuclear generation will be reduced by 25 percent by 2040, the price will be lower than when gas is too high.
Due to the high capacity and therefore reliability, the US Department of Energy allocates “non-transferable” energy resources, while renewables are “non-transferable” and cannot displace many of these common energy resources. They want you to believe.
Find out why the “green energy” business (contrary to popular belief, please know that local groups and the renewable energy industry are each doing business as oil and gas companies) are interested in promoting renewable “capacity increases”. Much better than penetrating the “real generation” and power portfolio.
This means that as our climate goals become more entrenched (eg, electric cars, burning buildings), and the growing demand for renewable energy contradicts nature, the role of gas may be far greater than some claim today.
Otherwise, despite its natural benefits, natural gas in Germany and California will not “go” magically, even with non-renewable funding and policy support – gas is a reality. To be really important.
In an energy-climate discussion, many want to “put the cart before the horse.”
Do not fall.
The pressure to invest in the new gas supply will already begin to plummet, as demand will only continue to rise.
Climate pressure has forced many of our global oil companies to answer the question, “What are you doing with climate change and zero-zero?”
It’s Economics 101 and Cycle, you see: investing in commodities doesn’t reduce demand for those commodities, but finding that commodity is more expensive and more dangerous to the environment (e.g., after blocking Keystone XL, President Beden’s own labor secretary Granhol Pipeline They admit that they are “the best way.”
As a result of this energy imbalance, gas prices have already risen by 1,000%.
And in terms of wind and sun, the changing climate, and the extreme weather, the reliability of their climate-dependent electricity raises some unsettling questions: We are already seeing a decline in hydroelectric power.
But to see the world as it is, not as we want it to be, could be the most daring climate.