Absolutely no one energy solves all problems, which is why we should pursue them all. Who knows, they shrunk nuclear power plants way down, maybe in 5-10 years we will all be driving nuclear or hydrogen powered cars. Technology will save us as it always has. Carbon capture didn't exist 10 years ago (or maybe I only heard about in the last 2 years). In the late 1960s and early 1970s, based upon the knowledge of that time, everyone thought we would be out of oil by now. Better drilling techniques and higher mileage cars now mean we have oil and nat gas for 100 years or more.
I don't know if you can accurately say that technology has always saved us, except to point to the fact that there are still 7 billion of us on the big blue marble. The big blue marble is going to be here for a long time, but we may not be. We did find new techniques to drill oil, true. But we did reach "peak oil" in 1971 (a year ahead of when Shell Oil's CEO said it would happen in 1956), and we had our first oil embargo from the Saudis in 1973. There is another peak oil coming. (And fracking does have a tendency to poison the water and cause earthquakes.) Now that we have global warming that has changed weather patterns, the west coast has huge wildfires every year while the east coast gets more hurricanes, and now, the Mississippi runs too low to support agriculture shipments during harvest season. These are significant changes. We are fortunate to live in a country wealthy enough to find workarounds and ways of dealing with these problems, but we haven't really solved any of them. And we've gone almost $30 trillion dollars in debt. Some changes may be irreversible, like all of the species that we are killing off. Our politicians aren't much help, as they are too stupid to understand the problems, much less come up with a solution. And any politician who comes up with a solution that involves any kind of sacrifice will be immediately voted out by the illiterate, unwashed masses. Carbon capture still doesn't exist in an efficient, affordable form. So many of our "solutions" to environmental problems are theoretically functional at best, but currently impractical. Look at desalination--it works but few outside of Saudi Arabia can afford it--even California won't invest in it. Corn ethanol? Takes from food and grain crops, uses up water and dumps fertilizer runoff into waterways. Solar panels? Requires a lot of mining and energy to manufacture, and no good way to recycle the panels after 30 years of use--off to the landfill. There are some solutions provided by technology, but in many cases, they are too expensive and out of reach of the average person. When it comes to something like Global Warming, it is the average person, if not the poorest of people, who determines success or failure, not the 1%'ers.
I guess u see what u want. I get the oil/gas argument and yea I own a chain saw and a gas burning car too, but most gas stations were shut down in canes I've been thru anyway. That wasn't the argument I was responding to anyway and I think u know that. The idea that help only comes from certain political sectors is simply put BS. I also speak from experience having lived thru Donna, Wilma and wife and I volunteered after Andrew among other canes. There were plenty of so called "social justice warriors" , suits, CEOs, teachers etc, helping out the less fortunate. Pretty sad some feel the need to politicize disasters.
diesel shortages getting serious Energy Company Warns Diesel Situation 'Rapidly Devolving' (msn.com) Following news that the U.S. diesel supply has sunk below 25 days, Mansfield Energy issued an alert pertaining to shortages in the southeastern region of the country. While no direct reasons were given, the company noted that diesel reserves have been holding at historic lows throughout most of this year. “Poor pipeline shipping economics and historically low diesel inventories are combining to cause shortages in various markets throughout the Southeast," the company stated. "These have been occurring sporadically, with areas like Tennessee seeing particularly acute challenges.” While fuel shortages and energy deficits have become a global issue, Mansfield Energy has signaled that certain American states will be seeing some problems. The northeastern United States has been the zone enduring the lowest diesel stockpiles throughout most of 2022. But some of that pressure will be shifting around and may create problems for people living in Maryland, Virginia, Georgia, Tennessee, North Carolina, South Carolina, and Alabama. "Because conditions are rapidly devolving and market economics are changing significantly each day, Mansfield is moving to Alert Level 4 to address market volatility," Mansfield's release stated.
I've read that distillates are inbound from Europe to help ease the issue, but it's not enough to ease the problem and we should expect diesel to remain high through the spring (which is the next peak demand).
all those ships sitting idle is stifling demand for US LNG and driving NG prices even lower in the US. It should show up in electric bills shortly after the election. scumbags (aka traders) are sitting on LNG shipments, hoping nat gas prices spike in the EU and they can then sell at much higher prices. hope the speculators lose bigly...unseasonably high temps in the UK had their demand for NG down 15% Y/Y from 2021, storage chambers are full, terminals are backed up. Nat gas down to $6 from a high of $9. Cut the cost of fuel for electricity by a third. electric bill should drop Ships carrying $2 billion in natural gas are waiting off Europe's coast for prices to rise so they can cash in, report says (msn.com) More than 30 tankers carrying liquefied natural gas are idling off Europe's coast as traders hold out for higher market prices, the Financial Times reported. The ships, which combined are carrying LNG worth $2 billion, are at sea around north-west Europe and the Iberian peninsula, the FT reported Friday, citing Vortexa data. "LNG vessels have been queued up outside European LNG receiving terminals, chasing what they expected to be the premium market for this LNG," Vortexa's Felix Booth told the FT. Booth said it will likely take another month for the tankers to find a terminal to offload their cargo, as access has become more restricted as storage sites have filled up.
Are the tankers sitting out there waiting for the price to go up or are they waiting for a spot to open up so they can be unloaded?
from the article, that is all that I know "LNG vessels have been queued up outside European LNG receiving terminals, chasing what they expected to be the premium market for this LNG," Vortexa's Felix Booth told the FT. ................... But the traders keeping their tankers offshore are betting prices will gain in the months ahead, as colder weather sets in and lifts heating demand, and as gas is released from storage. ........................................... Another 30 vessels are expected to join those offshore ahead of the winter months, per the FT.
a few weeks old but relevant. traders playign a risky game letting ships sit at $400k per day waiting on NG prices to spike LNG ships now cost a record high near $400,000 per day as Europe scrambles to resolve its gas crisis (yahoo.com) It now costs $397,500 per day to charter an LNG ship in the Atlantic basin, according to data from Spark Commodities. The vessels are fitted out to store and transport LNG by sea to a coastal destination, where it will be heated up to become gas again and then pumped to buyers.
It was my understanding that most of the holding capacity was full as well. I'm not saying there is no speculation happening with those tankers, but it could also be that there's just not enough room for them all.
Another large nat gas field found off of Norway. This will be relatively easy to tie into the European pipe network to help replace Russian gas. More natural gas found off the coast of key EU supplier, Norway (msn.com)
Noit surprising, I think this is jsut the beginning of gas discoveries in that area. Hopefully Lebanon gets some sort of oversight so this revenu funnels thru to helping the people. A UN oversight or so something.. cheaper Nat gas to Egypt and others in the area will fuel economic growth there. Flow to the north will help feed the EU. Five wells, five high volume and pressure confirmations. They are bringing in a second drilling rig. Hopefully the processing and distribution facilities are being built to be able to distribute this new production in the region Energean finds 13 billion cubic meters of natural gas off Israel's shore (msn.com) Energean PLC has announced a new commercial natural gas discovery of 13 billion cubic meters off the shore of Israel as a result of its exploratory drilling well dubbed Zeus-1. It has also confirmed the presence of an additional 3.75 bcm at its Athena site.
The EU is setting up for long term cut off from Russian gas. This will be disastrous for the Russian economy and set the country back decades. ANd the closer these countries become to the west the less influence Russia will have there. Norway is ramping up production Fields in Azerbejein to get developemnt funding (large gas reserves, authoritarian gubmnt) and pipeline routing through existing networks in neighboring countries to distribute the gas to several locations in the EU. LNG processing capacity increasing Italy hooking up with Algeria for increased import through existing pipelines while increasing their own production this isn't going to end well for Russia even if they get to keep Crimea. Four countries offer help to boost Azeri gas supply to Europe | Reuters The gas network operators of Bulgaria, Romania, Hungary and Slovakia have proposed shipping additional natural gas supply pledged by Azerbaijan to Europe, Bulgarian President Rumen Radev said on Friday. The EU is seeking alternative suppliers to Russia because of Moscow's invasion of Ukraine. Speaking at a meeting with Azeri President Ilham Aliev, Radev said the four European Union countries have offered their networks to allow for faster and cheaper shipments of Azeri gas to central, western and southern Europe. The European Commission in July signed a memorandum of understanding with Azerbaijan to double imports of Azeri natural gas to at least 20 billion cubic metres (bcm) a year by 2027. "In the coming years we will at least double the production and export to Europe. We have the resources," Azeri President Ilham Aliev told reporters, pointing that his country has long been a reliable partner and supplier. Italy expands Adriatic drilling rights to hike gas output, lower price | Reuters Italy's new government will expand concessions to drill for gas in the Adriatic, Prime Minister Giorgia Meloni said on Friday, in a drive to double Rome's output to 6 billion cubic metres per year and lower energy prices for firms. The measure will take the form of an amendment to a government decree due to be approved in parliament in the next few days, Meloni told reporters. It envisages 10-year concessions to drill between nine and 12 miles off Italy's Adriatic coast, extracting up to 15 billion cubic metres of gas, Energy Minister Gilberto Pichetto Fratin said at a news conference alongside Meloni. Italy clinches gas deal with Algeria to temper Russian reliance | Reuters Energy group Eni (ENI.MI) and Sonatrach signed a deal to accelerate the development of gas fields in Algeria and the development of green hydrogen, part of moves to increase the north African country's gas exports towards Italy. Italy, which last year sourced about 40% of its gas imports from Russia, has been scrambling to diversify its energy supply mix as the conflict in Ukraine escalates. Algeria, Italy's second-biggest gas supplier last year, has been pumping Algerian gas to Italian shores since 1983 through the Transmed pipeline, which runs to Sicily.
This doesn't bode well. The damage done and what caused it is yet to be determined. Video Shows Chevron Oil Refinery Engulfed in Flames Chevron's El Segundo oil refinery is the largest facility of its kind on the West Coast and processes more than 276,000 barrels of crude per day, supplying more than 20 percent of all motor vehicle transportation fuels consumed in Southern California, according to the company's website. The refinery was built in 1911, and Chevron describes it as having "zero safety incidents" and "zero environmental incidents."
I think the whole fossil fuel debate doesn’t really center on not using fossil fuels at all, but rather using it as a continuously emitting greenhouse gas source that threatens the thermodynamic stability of our environment. Lubricants don’t wind up in the atmosphere. A vast majority of those use cases center on combustion. And unless we are capturing and reforming those by products into something heavier than air, we’ll continue to get ready for more and more of these November hurricanes. As Dr Gater at UF always said “what goes in either comes out or accumulates”. Simplest math in the world.
Two weeks ago I filled up at $3.19, with most places around 3.25. This week most places are around 3.59 and I saw a $3.74. There hasn't been much movement nationally, but Florida saw a huge jump. What is going on with gas prices in Florida?
good news Crews extinguish fire at Chevron El Segundo refinery - Los Angeles Times (latimes.com) Fire crews battled flames for more than two hours at the Chevron El Segundo refinery before extinguishing the blaze Tuesday night. The incident was reported around 6:15 p.m. at the fuel refinery in the 300 block of El Segundo Boulevard, the city of El Segundo said in an alert. The fire was extinguished as of 8:35 p.m. Footage from KTLA-TV Channel 5 showed crews spraying water on roaring flames in an unidentified part of the refinery.
