Tag: energy
Major natural gas discovery off of South Africa coast
The French oil and gas company Total has made a major natural gas discovery off the coast of South Africa that could contain one billion barrels.
Total said it had made a significant gas condensate discovery after drilling its Brulpadda prospects on Block 11B/12B in the Outeniqua Basin.
“It is gas condensate and light oil. Mainly gas. There are four other prospects on the license that we have to drill; it could be around 1 billion barrels of total resources of gas and condensate,” [Chief Executive Patrick] Pouyanne said.
Big money here, which can change the balance of power in terms of fossil fuel energy resources.
Hat tip Max Hunt. I had missed this when it was announced on February 7.
The French oil and gas company Total has made a major natural gas discovery off the coast of South Africa that could contain one billion barrels.
Total said it had made a significant gas condensate discovery after drilling its Brulpadda prospects on Block 11B/12B in the Outeniqua Basin.
“It is gas condensate and light oil. Mainly gas. There are four other prospects on the license that we have to drill; it could be around 1 billion barrels of total resources of gas and condensate,” [Chief Executive Patrick] Pouyanne said.
Big money here, which can change the balance of power in terms of fossil fuel energy resources.
Hat tip Max Hunt. I had missed this when it was announced on February 7.
Japan successfully tests new solar power technology
The competition heats up: In a test of technology necessary to make space-to-Earth solar power generation possible, Japanese engineers were successfully able to precisely control the transmission of microwaves over a distance of 55 meters.
The main obstacle to generating electricity in space for use on Earth has been getting that power down to Earth. Microwaves can do it, but beaming microwaves through the atmosphere is no good as it will cook everything in the beam’s path. Being able to beam that transmission very precisely for long distances, something not yet possible, will reduce this problem.
The competition heats up: In a test of technology necessary to make space-to-Earth solar power generation possible, Japanese engineers were successfully able to precisely control the transmission of microwaves over a distance of 55 meters.
The main obstacle to generating electricity in space for use on Earth has been getting that power down to Earth. Microwaves can do it, but beaming microwaves through the atmosphere is no good as it will cook everything in the beam’s path. Being able to beam that transmission very precisely for long distances, something not yet possible, will reduce this problem.
Carbon emissions have reached a twenty year low in the United States
Carbon emissions have reached a twenty year low in the United States.
As the article points out, this trend occurred not because of government regulation, but because of the invisible hand of economic market forces — clean natural gas was simply cheaper to use.
Carbon emissions have reached a twenty year low in the United States.
As the article points out, this trend occurred not because of government regulation, but because of the invisible hand of economic market forces — clean natural gas was simply cheaper to use.
The rise and fall of Germany’s solar power industry.
The rise and fall of Germany’s solar power industry.
The rise and fall of Germany’s solar power industry.
A skeptic takes an educated look at alternative energy.
A skeptic takes an educated look at alternative energy.
The matter of affordable costs is the hardest promise to assess, given the many assorted subsidies and the creative accounting techniques that have for years propped up alternative and renewable generation technologies. Both the European Wind Energy Association and the American Wind Energy Association claim that wind turbines already produce cheaper electricity than coal-fired power plants do, while the solar enthusiasts love to take the history of impressively declining prices for photovoltaic cells and project them forward to imply that we’ll soon see installed costs that are amazingly low.
But other analyses refute the claims of cheap wind electricity, and still others take into account the fact that photovoltaic installations require not just cells but also frames, inverters, batteries, and labor. These associated expenses are not plummeting at all, and that is why the cost of electricity generated by residential solar systems in the United States has not changed dramatically since 2000. At that time the national mean was close to 40 U.S. cents per kilowatt-hour, while the latest Solarbuzz data for 2012 show 28.91 cents per kilowatt-hour in sunny climates and 63.60 cents per kilowatt-hour in cloudy ones. That’s still far more expensive than using fossil fuels, which in the United States cost between 11 and 12 cents per kilowatt-hour in 2011. The age of mass-scale, decentralized photovoltaic generation is not here yet.
Then consider the question of scale. Wind power is more advanced commercially than solar power, but with about 47 gigawatts in the United States at the end of 2011 it still accounted for less than 4 percent of the net installed summer generating capacity in that country. And because the capacity factors of U.S. wind turbines are so low, wind supplied less than 3 percent of all the electricity generated there in 2011.
Read the whole article. It is detailed, thoughtful, and blunt.
A skeptic takes an educated look at alternative energy.
The matter of affordable costs is the hardest promise to assess, given the many assorted subsidies and the creative accounting techniques that have for years propped up alternative and renewable generation technologies. Both the European Wind Energy Association and the American Wind Energy Association claim that wind turbines already produce cheaper electricity than coal-fired power plants do, while the solar enthusiasts love to take the history of impressively declining prices for photovoltaic cells and project them forward to imply that we’ll soon see installed costs that are amazingly low.
But other analyses refute the claims of cheap wind electricity, and still others take into account the fact that photovoltaic installations require not just cells but also frames, inverters, batteries, and labor. These associated expenses are not plummeting at all, and that is why the cost of electricity generated by residential solar systems in the United States has not changed dramatically since 2000. At that time the national mean was close to 40 U.S. cents per kilowatt-hour, while the latest Solarbuzz data for 2012 show 28.91 cents per kilowatt-hour in sunny climates and 63.60 cents per kilowatt-hour in cloudy ones. That’s still far more expensive than using fossil fuels, which in the United States cost between 11 and 12 cents per kilowatt-hour in 2011. The age of mass-scale, decentralized photovoltaic generation is not here yet.
Then consider the question of scale. Wind power is more advanced commercially than solar power, but with about 47 gigawatts in the United States at the end of 2011 it still accounted for less than 4 percent of the net installed summer generating capacity in that country. And because the capacity factors of U.S. wind turbines are so low, wind supplied less than 3 percent of all the electricity generated there in 2011.
Read the whole article. It is detailed, thoughtful, and blunt.
The world’s largest solar power project, recipient of the second largest ever Department of Energy loan guarantee, has filed for bankruptcy.
Another wise investment of the Obama administration: The world’s largest solar power project, recipient of the second largest ever Department of Energy loan guarantee, has filed for bankruptcy.
Update and correction: It turns out that the company was offered the DOE loan guarantee, but turned it down. Read this second article. The facts it describe make the decisions of the Obama administration seem beyond foolish.
Another wise investment of the Obama administration: The world’s largest solar power project, recipient of the second largest ever Department of Energy loan guarantee, has filed for bankruptcy.
Update and correction: It turns out that the company was offered the DOE loan guarantee, but turned it down. Read this second article. The facts it describe make the decisions of the Obama administration seem beyond foolish.
the slow revival of US nuclear power
Geothermal energy developers plan to pump 24 million gallons of water into a dormant volcano in Oregon this summer to demonstrate a new way to generate electricity.
Geothermal energy developers plan to pump 24 million gallons of water into a dormant volcano in Oregon this summer to demonstrate a new way to generate electricity.
The irony I glean from this article is this: Pumping water underground to produce energy from geothermal sources (a source liked by the environmental movement) is good. However, pumping water underground to produce energy from gas or oil (energy sources hated by the environmental movement) is bad. And yet, what difference really is there between either effort?
Geothermal energy developers plan to pump 24 million gallons of water into a dormant volcano in Oregon this summer to demonstrate a new way to generate electricity.
The irony I glean from this article is this: Pumping water underground to produce energy from geothermal sources (a source liked by the environmental movement) is good. However, pumping water underground to produce energy from gas or oil (energy sources hated by the environmental movement) is bad. And yet, what difference really is there between either effort?
Six tired arguments the energy sector needs to stop using
In other energy news: Six tired arguments the energy sector needs to stop using.
I like the last best:
Social good alone does not make for a viable business, even if it makes for a darn good trading strategy. For investors, if you’ve been burned, try to remember that feeling good about green energy can still make you feel very nauseous when monitoring your portfolio.
In other energy news: Six tired arguments the energy sector needs to stop using.
I like the last best:
Social good alone does not make for a viable business, even if it makes for a darn good trading strategy. For investors, if you’ve been burned, try to remember that feeling good about green energy can still make you feel very nauseous when monitoring your portfolio.
The trends in worldwide energy use
The trends in worldwide energy use.
Overall, North American leads the way, but the rest of the world is catching up. And the increase in residential electric use comes from electronic appliances like computers and televisions.
The trends in worldwide energy use.
Overall, North American leads the way, but the rest of the world is catching up. And the increase in residential electric use comes from electronic appliances like computers and televisions.
The collapse of the solar power industry
Obama Administration Pushing for Solar Projects on Public Lands
Coming to a state near you (until the project goes bankrupt and leaves behind a financial and environmental ruin): The Obama administration this week identified seventeen sites in six Western states, all on public land, as prime locations for solar energy projects.
To me, the best indication that something is not quite right with this proposal is that the solar industry itself has doubts.
Environmental groups hailed the announcement, but the solar industry was guarded in its response. Rhone Resch, president and CEO of the Solar Energy Industries Association, said he had “some significant areas of concern” about the solar energy zones@ Flexibility in project siting and access to transmission were crucial to financing and development of utility-scale solar power plants, Resch said, adding that he was optimistic a balanced approach could be found.
You would think the solar industry would be thrilled to get this support from the government. That they have reservations is a serious red flag.
Coming to a state near you (until the project goes bankrupt and leaves behind a financial and environmental ruin): The Obama administration this week identified seventeen sites in six Western states, all on public land, as prime locations for solar energy projects.
To me, the best indication that something is not quite right with this proposal is that the solar industry itself has doubts.
Environmental groups hailed the announcement, but the solar industry was guarded in its response. Rhone Resch, president and CEO of the Solar Energy Industries Association, said he had “some significant areas of concern” about the solar energy zones@ Flexibility in project siting and access to transmission were crucial to financing and development of utility-scale solar power plants, Resch said, adding that he was optimistic a balanced approach could be found.
You would think the solar industry would be thrilled to get this support from the government. That they have reservations is a serious red flag.
the cost of solar energy is crashing down
The cost of solar energy is plummeting.
Though it can’t work in many places in the world and therefore can’t completely replace the electrical grid, this is still good news.
The cost of solar energy is plummeting.
Though it can’t work in many places in the world and therefore can’t completely replace the electrical grid, this is still good news.
Senate Democrats reject Republican bill to expand and speed up offshore drilling
Senate Democrats on Wednesday rejected a Republican bill to expand and speed up offshore drilling.
So was Obama just kidding when he proposed expanding our energy production on Saturday? Note that he also opposed the Republican bill. Which is it?
Senate Democrats on Wednesday rejected a Republican bill to expand and speed up offshore drilling.
So was Obama just kidding when he proposed expanding our energy production on Saturday? Note that he also opposed the Republican bill. Which is it?
Replacements for 100 watt incandescent bulbs cost $50 each
The proposed green replacements for the banned 100 watt incandescent bulbs, LEDs, cost $50 each.
The proposed green replacements for the banned 100 watt incandescent bulbs, LEDs, cost $50 each.
Japan’s Third Disaster
Study finds no consumer demand for Obama’s electric cars
Reality meets feel-good politics: A study has found that there is no consumer interest in buying the one million electric cars Obama wants on the road by 2015.
Reality meets feel-good politics: A study has found that there is no consumer interest in buying the one million electric cars Obama wants on the road by 2015.
Electric cars and their cold-weather shortcomings
Reality meets feel-good politics: Electric cars and their cold-weather shortcomings. Key quote:
“If you live in an area where the winters get extremely cold an all-electric vehicle will have to be garaged and equipped with some kind of plug-in battery warmer for it to be effective in the coldest months of the year. Keep these thoughts in mind if you’re planning an electric car purchase; we don’t want you finding out the range of your car has been halved when it’s five below zero and you’re fifteen miles from home.”
Reality meets feel-good politics: Electric cars and their cold-weather shortcomings. Key quote:
“If you live in an area where the winters get extremely cold an all-electric vehicle will have to be garaged and equipped with some kind of plug-in battery warmer for it to be effective in the coldest months of the year. Keep these thoughts in mind if you’re planning an electric car purchase; we don’t want you finding out the range of your car has been halved when it’s five below zero and you’re fifteen miles from home.”
Electric cars are wonderful — except no ones buying
What does this story really tell us? Electric cars are wonderful — except that the dealer hasn’t sold any.
What does this story really tell us? Electric cars are wonderful — except that the dealer hasn’t sold any.
Three to four Billion Barrels of Oil Assessed in North Dakota and Montana
Black gold! Three to four billion barrels of oil — 25 times more than previously predicted — are now thought to lie under certain geological formations in North Dakota and Montana.
Black gold! Three to four billion barrels of oil — 25 times more than previously predicted — are now thought to lie under certain geological formations in North Dakota and Montana.
Wind and solar energy bankrupt
Maybe these businesses are simply not economically viable? Faced with the end of federal grants, the wind and solar power industries are pushing for more federal money or legal mandates to prop up their business.
Maybe these businesses are simply not economically viable? Faced with the end of federal grants, the wind and solar power industries are pushing for more federal money or legal mandates to prop up their business.