12/8/2022 0 Comments Unison energy![]() ![]() For example, we’re already experiencing the highly expensive energy that such Energy Unrealism brings. Such extreme utopianism will actually block the Energy Transition and turn the voting public against these vital but limited technologies. The idea that wind, solar, and electric cars are the panacea to fight climate change is as dangerous as it is impractical – their “scale-up” required is beyond Herculean. gas production will soar nearly 30% by 2050 to 43.0 trillion cubic feet, and our consumption will rise 15% to 35.4 trillion cubic feet. Our best experts are clear: in October, the U.S. Countries around the world want our low-cost gas to: 1) get away from Vladimir Putin’s grip on supply, 2) abate energy deprivation and abject poverty that rich Westerners cannot comprehend, 3) back up naturally intermittent wind and solar power, and 4) clean hazy city skies and cut emissions from coal (gas emits 50% less CO2 than coal and has far fewer criteria air pollutants ). In addition, we just became the world’s largest LNG (liquefied natural gas) seller, and there are so many more export terminals coming. will stay a gas-producing machine because we have so much of it, and gas is becoming increasingly integral. As our gas-importing competitors in Europe and Asia have routinely confronted prices in the $25-50 range, we did hit over $6 back in October but are now back to around $4 to $4.75 range, even during the high demand winter season (ignore the short squeeze on Thursday as Feb22 contract expired). Due to above-ground failures, however, there has been a global energy crisis since late-Summer. gas prices averaged over $6.00/MMBTu since then, gas prices have averaged $3.30. Our production has boomed ~70% to 95 Bcf/d. ![]() It all started back in 2008, when our “fracking” boom took flight, a perfected union of constantly evolving horizontal drilling and hydraulic fracturing technologies. We’ve been very lucky in this country when it comes to the world’s centerpiece resource to fight climate change: natural gas. Thanks to America’s “shale revolution” over the past 14 years, gas now supplies 33% of U.S. While everybody obsesses over the price of oil, the price of natural gas is becoming just as important. “No one ever went broke underestimating the intelligence of the American public,” H. As Russia has cut supplies many countries in Europe that rely heavily on Russian gas fear that Russia will increasingly use gas delivery cuts as a political weapon to counter European economic sanctions arising from Russian involvement in fighting between pro-Russian separatists and Ukrainian armed forces in eastern Ukraine. ![]() Ukraine recently began importing natural gas from Slovakia through Dashava as Ukraine struggles to cope with cuts in gas deliveries by Gazprom of Russia. The Dashava facility, which is both an underground storage site for natural gas and an important transit station along the natural gas pipelines linking Russia, Ukraine and eastern and western Europe, is operated by Ukrtransgaz, a subsidiary of Ukrainian energy company NJSC Naftogaz of Ukraine. ![]() Why Readily Available Low-Cost Natural Gas Is Our Centerpiece Strategy To Fight Climate ChangeĭASHAVA, UKRAINE - SEPTEMBER 18: Hand wheels are seen fixed to valves at the Dashava natural gas. ![]()
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