Replacing Russian Energy

Crude Oil Exports from Russia

…Replacing Russian Energy… The Russian invasion of the Ukraine has thrust Russia’s energy strategy to the forefront. Which is more strategically important, oil or natural gas? In terms of dollars, oil and natural gas have about the same economic value. Here Continue reading Replacing Russian Energy

EU’s Self Inflicted Wound

European Union Imports of Russian Natural Gas 2019

…EU’s Self Inflicted Wound… EU’s natural gas storage is at 40% of capacity, the lowest in years. As a result, LNG is being imported at the highest price ever, at over $30 per Million BTU, with shipments being diverted from Continue reading EU’s Self Inflicted Wound

Lazard Wind and Solar Costs, Part 2

In Front of the Meter Solar Generation

…Lazard Wind and Solar Costs, Part 2… Part 1 provided a review of Lazard’s methodology for determining LCOEs for land-based wind turbine and solar installations. Conclusions—including new information If an undefined “resource availability” is used to calculate LCOEs, the resulting Continue reading Lazard Wind and Solar Costs, Part 2

Vaunted Energiewende is Failing

NG Power Plant

…Vaunted Energiewende is Failing… Germany has claimed that energiewende will replace all fossil fuels with renewables. Billions have been spent on renewables, yet we now have the CEO of a major German power producer (RWE) saying that Germany must add natural Continue reading Vaunted Energiewende is Failing

Europe’s Fossil Fuel Shortage

Share of energy source in gross German power production in first half 2021 from CLEW

…Europe’s Fossil Fuel Shortage… Europe, with all its efforts to cut the use of fossil fuels, may be about to learn why fossil fuels are important. This is especially true for Germany, which has been the epicenter of Green, Climate Continue reading Europe’s Fossil Fuel Shortage

America’s Resource Abundance

Global NG prices dislocate 2019-2021

The United States is blessed with an abundance of fossil fuels, i.e., natural gas, oil and coal, providing it with a huge economic advantage. This abundance of resources which will go to waste, and force the US to become a beggar nation if the current net-zero carbon policies continue. Continue reading America’s Resource Abundance