ajax18 wrote: ↑Mon Mar 07, 2022 4:01 pm
K Graham wrote: ↑Mon Mar 07, 2022 3:42 pm
It is sad that this has to be reiterated to America's peanut gallery every time gas prices spike. It always tracks with the GLOBAL price of crude. Has nothing to do with whether or not Keystone is only 3% built or 30% built. It has nothing to do with a President's "environmental policies." It has everything to do with supply and demand.
crude-gas.jpg
Why do you start digressing like this? I thought we had established that in your view gas prices need to be high or even higher than now so that green energy can be more competitive. Now you want to claim that environmental regulations don't reduce the supply of gasoline in the same breath. Do you not realize that you're contradicting yourself or do you just not care at this point? I guess winning in politics is just a matter of stating whatever line sounds best to the voters at the time. And I will hand that to you, the Democrats do win a lot in spite of upholding very unpopular policies. I guess that's because the media, big, tech, and the deep state are all there pulling the strings for you.
One thing is certain: oil pricing must be on the
higher end, worldwide, for
US-sourced production to be profitable enough to operate.
As for renewables, the tide has turned, in many ways.
According to a joint 2020 report from the International Energy Agency (IEA, Paris, France) and Nuclear Energy Agency (NEA, Paris), levelized costs of generating electricity (LCOE) for “low-carbon” generation technologies like wind and nuclear power is increasingly falling, making these technologies cost-competitive with fossil fuel power generation.
The report, which is ninth in a series of studies on electricity generating costs to inform policymakers and other decisionmakers, is based on expected 2025 plant-level costs reported by 243 plants in 24 countries, ranging in energy source from coal and natural gas to solar and wind to nuclear energy.
The report acknowledges that costs vary by country and within countries, and that variable electricity generated by solar and wind power, and policy regulations related to carbon emissions and climate change, all will have effects on electricity generation costs.
Still, through its survey responses, the reporting agencies found that, in most of the represented countries, LCOE for renewable or nuclear energy plants is expected to be lower than that of coal- or gas-powered plants. In the United States, for example (which contributed the highest number of participant plants from one country, at 64), onshore wind and solar power are expected to be, at an assumed emissions cost of $30 per ton of CO2, the least expensive to operate, followed by natural gas, offshore wind, nuclear and coal. In China and India, utility-scale solar power is reported as the least-cost option, followed by onshore wind and solar.
Notably, the report says that onshore wind is expected to have, on average, the lowest levelized costs of electricity in 2025. Nuclear energy is predicted to continue growing as well, and, the report says, will be key to meeting global decarbonization objectives cost-effectively. Offshore wind costs, too, are decreasing, though are not quite at the level of onshore wind yet.
https://www.compositesworld.com/amp/new ... onal-power