By Tam Hunt, President, Community Renewable Solutions, LLC, May, 03, 2012 -
It is common knowledge that "there is no quick fix" for high gas prices. It's going to be a long-term effort to reduce our reliance on oil and we're probably in for higher prices no matter what we do in the short-term or long-term because we're facing a number of macro trends, such as systemic tightness in global supplies (peak oil), ongoing international tensions with Iran, etc., and perhaps also some amount of speculation in oil prices. more...
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By Ferdinand E. Banks, Professor, , May, 01, 2012 -
In my forthcoming energy economics textbook (2012), the two natural gas kings are three -- Russia, Qatar and Iran -- while if I were beginning that book today, I would consider making it a foursome. more...
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By Tam Hunt, President, Community Renewable Solutions, LLC, April, 17, 2012 -
"Energy literacy" and "peak oil literacy" should be requirements for pundits -- and for citizens more generally. I've followed these issues for many years now and it still amazes me how poor the knowledge of energy issues is among even the chattering classes and punditry. more...
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By Ferdinand E. Banks, Professor, , April, 10, 2012 -
Last night I participated in a debate (arranged by Russia Today TV -- 24-7 -- Crosstalk, and transmitted internationally in English) in which I pointed out -- on several occasions -- that the aggregate (though unweighted) Brent-WTI (West Texas Intermediate) price of oil was about 112 dollars a barrel (= $112/b), and I claimed that if this price reaches $130, we could be facing a clear and impending economic danger. more...
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By Sam Mutasem, Managing Director, Management Consulting, March, 01, 2012 -
Many in the energy industry, due to varying reasons and drivers, express a great need to reduce or eliminate our dependence on foreign oil as quickly as possible...a matter of National Security. I agree the lower the dependence on foreign oil would eliminate many of the economic uncertainties associated with political unrest around the world, disruption of supplies, and the continually increasing demand. These factors impact the cost of living of the American consumer and may squeeze corporate profits. more...
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By Richard Goodwin, Environmental Engineering Consultant, , February, 01, 2012 -
Since I reside in Palm Beach County, FL, I pay attention to my local electricity rates, provided by Florida Power & Light [FPL] -- a regulated utility. Recently, FPL lowered its rates by about 2% for 2012. FPL President and CEO Armando J. Olivera stated the market prices of natural gas for 2012 are trending even lower than previously expected, and this is driving a significant reduction in our projected fuel costs for the coming year. more...
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By Jim Hartung, Director, GlobalEnergySolutions.org, December, 28, 2011 -
During the last decade, technologies have been developed and demonstrated at scale to economically produce natural gas from shale rock formations. As a result, the Energy Information Administration (EIA) estimates that the US has about 800 trillion cubic feet of technically recoverable shale gas. Just ten years ago, this shale gas was considered uneconomic. At a forward price of $5 per thousand cubic feet, this gas now has a value of $4 trillion. This is a huge economic stimulus. Unlike government spending and/or tax cuts to stimulate economic growth, this opportunity will not increase deficits and national debt. Rather, it will result in over $1 trillion in new taxes paid to federal and state governments. more...
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By Sam Mutasem, Managing Director, Management Consulting, December, 15, 2011 -
There is certainly an abundance of advocates for renewable energy; Wind, Solar, and Nuclear, which I support as an important part of the power supply portfolio. At the same time we have a shortage of advocates for two of the most abundant resources here in the United States; Natural Gas and Coal. Many express concerns about the environmental impact of coal and rightfully so, however it is still a significant domestic resource. On the other hand natural gas coupled with existing low emissions technologies produce affordable reliable power with low levels of pollutants. more...
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By S. Deepak Kumar, , , November, 08, 2011 -
Spontaneous combustion of coal is a common concern within the coal stockyard of thermal power plants due to the direct effect that energy losses have on financial performance. As coal is the primary fuel for a thermal power plant, adequate emphasis needs to be given for its proper handling and storage. It's also essential because of related safety and environmental implications of spontaneous combustion of coal. The problem is a natural phenomenon that is aggravated by improper management of coal. A lot of research has been done on spontaneous combustion of coal but still there is a lack of a comprehensive approach which can be applied to deal with the problem. more...
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