Insight and inspiration in turbulent times.
US – When natural gas prices spike, coal begins to sparkle. Back in 1990, amendments to the Clean Air Act passed, and many environmentalists breathed easier. Toxic emissions would be drastically cut, and as a consequence, electric utilities began to increasingly rely on natural gas because of its low cost and emissions. Coal’s foes began numbering coal’s days
It’s 2020, and the energy ministers of the Organization of Gas-Exporting Countries, known as OGEC, the umbrella for the dozen or so nations which dominate the market, gather in Madrid for their annual get-together to determine production quotas and price levels for the new primary energy source that fuels the global economy , natural gas, or more specifically, liquefied natural gas, known as LNG.
According to LUKoil Vice President Leonid Fedun, by 2007 the Russian oil and gas sector will stop rising.
Forget about terrorists. Don’t give another thought to SARS. The single greatest threat to the U.S. right now comes from a critical shortage of natural gas.
State energy officials cleared the way for one of the largest new power plants to be built in California since electricity deregulation with approval Wednesday of a power plant near Tracy that will produce enough energy for 1,000 homes.
In 1973 and 1979 a pair of sudden price increases rudely awakened the industrial world to its dependence on cheap crude oil. Prices first tripled in response to an Arab embargo and then nearly doubled again when Iran dethroned its Shah, sending the major economies sputtering into recession. Many analysts warned that these crises proved that the world would soon run out of oil. Yet they were wrong.
