"Economists understand the demand side of energy supply, but they seem not to be aware of how important energy is to make anything happen."
https://ourfiniteworld.com/2021/09/25/c ... s-already/
Could we be hitting natural gas limits already?
-
CreativeEquity
- Posts: 107
- Joined: Sun Sep 05, 2021 5:06 pm
Re: Could we be hitting natural gas limits already?
Very good article and timely.
> Natural gas reserves in the ground does not equal production capacity.
> Thanks to our "Woke Energy Policy" we have stopped building the pipeline systems we need to deliver more clean natural gas to consumers. We will need to bring back a lot of coal fired power plants this winter for base load electricity and because we may not have enough natural gas for space heating. Most of what the AOC Green New Deal is doing will cause more carbon emissions, at least for this decade.
> We have built and continue to build more LNG export capacity. This is very good for our balance of trade.
I believe we have a "Structural Change" in the markets for U.S. natural gas and NGLs that will keep these commodity prices higher. When we get past this next winter, $4.00/mcf may be the "New Normal".
> Natural gas reserves in the ground does not equal production capacity.
> Thanks to our "Woke Energy Policy" we have stopped building the pipeline systems we need to deliver more clean natural gas to consumers. We will need to bring back a lot of coal fired power plants this winter for base load electricity and because we may not have enough natural gas for space heating. Most of what the AOC Green New Deal is doing will cause more carbon emissions, at least for this decade.
> We have built and continue to build more LNG export capacity. This is very good for our balance of trade.
I believe we have a "Structural Change" in the markets for U.S. natural gas and NGLs that will keep these commodity prices higher. When we get past this next winter, $4.00/mcf may be the "New Normal".
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group