New Emissions Data Dampen Global Warming Fears (power, Opera, price)

[plwhit]

U.S. carbon dioxide emissions continue to track lower than year 2000 levels, the U.S. Energy Information Administration (EIA) reported on Monday, extending this century’s downward trend in U.S. emissions. The new data rebut assertions that the United States needs to impose new restrictions on coal-fired power plants and other sources of carbon dioxide emissions.


Interestingly, EIA reports U.S. emissions rose more than 15% during the eight years of the Clinton-Gore administration but have declined since.


New Emissions Data Dampen Global Warming Fears - Forbes

[sponger42]

You know that an op/ed in Forbes is not science, right?

This is good news and indicates that we're on the right track. Renewables are at 16% of energy production, nuclear at 18%. We've still got a long way to go, but at least we're heading in the right direction.

We've got a lot of coal, but we've got to find a better way to use it than simply burning it in its unrefined form.

[plwhit]

Originally Posted by sponger42

You know that an op/ed in Forbes is not science, right?

No really? You must excuse me, I was born yesterday and am clueless as the Internet naming conventions...

So as per you when the EIA releases information only a science-based media organization should be taken seriously when commenting on the data...

Would you prefer to see how the tree-huggers spin this report?

Carbon Dioxide

[thecoalman]

In addition to the switch to natural gas those lower emission numbers can also be attributed to faltering economy. That's not necessarily a good thing.

As far as the NG goes that will increase at some point in time and the NG power plants won't be as enticing to investors:

Natural Gas Companies Slash Output as Prices Slump | Fox Business

U.S. natural gas companies are succumbing to low prices by cutting output from the record levels that have taken a toll on drillers' bottom lines during this mild winter.

With gas prices at their lowest in 10 years, Chesapeake Energy, the No. 2 U.S. gas producer, announced a production cut of 8 percent, or 0.5 billion cubic feet per day.

The company said it was prepared to double that cut, which comes with a reduction in drilling rigs in fields that produce only natural gas.

Read more: Natural Gas Companies Slash Output as Prices Slump | Fox Business

The company said it was prepared to double that cut, which comes with a reduction in drilling rigs in fields that produce only natural gas.

[Retroit]

Originally Posted by plwhit

EIA reports U.S. emissions rose more than 15% during the eight years of the Clinton-Gore administration but have declined since.

That's an "inconvenient truth"!

[orogenicman]

Originally Posted by thecoalman

In addition to the switch to natural gas those lower emission numbers can also be attributed to faltering economy. That's not necessarily a good thing.

As far as the NG goes that will increase at some point in time and the NG power plants won't be as enticing to investors:


The company said it was prepared to double that cut, which comes with a reduction in drilling rigs in fields that produce only natural gas.

The Republicans called for "drill baby drill", and when that happens, the Republicans call for "don't drill baby don't drill". Interesting how that works.

[thecoalman]

Originally Posted by orogenicman

The Republicans called for "drill baby drill", and when that happens, the Republicans call for "don't drill baby don't drill". Interesting how that works.

You're mixing two sources used for two different applications. In this case an abundant domestic supply of natural gas has driven prices so low that the drillers need to cut back. The market is limited to what people can use and if the supply outstrips the demand you end up with a huge surplus and low prices.

If the same situation existed with oil that too would decrease the cost hence the reason for "drill baby drill".

[orogenicman]

Originally Posted by thecoalman

You're mixing two sources used for two different applications. In this case an abundant domestic supply of natural gas has driven prices so low that the drillers need to cut back. The market is limited to what people can use and if the supply outstrips the demand you end up with a huge surplus and low prices.

If the same situation existed with oil that too would decrease the cost hence the reason for "drill baby drill".

No problem. You are making my case for me that there is no need for fracking operatons. Congratulations.

[PanTerra]

Originally Posted by thecoalman

You're mixing two sources used for two different applications. In this case an abundant domestic supply of natural gas has driven prices so low that the drillers need to cut back. The market is limited to what people can use and if the supply outstrips the demand you end up with a huge surplus and low prices.

If the same situation existed with oil that too would decrease the cost hence the reason for "drill baby drill".

Yep, that is why Chesapeake has cut way back on their drilling around DFW. THey will resume when prices go back up.

Chesapeake Stalls Slide in Gas Prices With Cutbacks in Drilling - BusinessWeek

[PanTerra]

Originally Posted by orogenicman

The Republicans called for "drill baby drill", and when that happens, the Republicans call for "don't drill baby don't drill". Interesting how that works.

Not really, just the free market working, Chesapeake will maintain its gas drilling at “bare minimum levels” until profits can compete with oil.