article thumbnail

Why Natural Gas Prices Quadrupled In Two Years

R-Squared Energy

natural gas production, I engaged in a Twitter discussion on the causes of the natural gas price surge over the past two years. The largest contributor to higher natural gas demand has been US power generation. What ensued was a discussion of the influences in the natural gas markets in recent years.

article thumbnail

The U.S. Leads The World In Reducing Carbon Emissions

R-Squared Energy

liquefied natural gas exports, some readers had a hard time believing that the U.S. Largest Declines in Carbon Emissions 2007-2022. Largest Increases in Carbon Emissions 2007-2022. Coal produces more than double the amount of carbon dioxide per unit of power production than natural gas ( source ).

Carbon 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How The U.S. Became The World’s Top LNG Exporter

R-Squared Energy

would enter a long-term natural gas crisis for which the only solution was “to pray.” ConocoPhillips and ExxonMobil made large acquisitions of natural gas companies, betting on a future with much higher natural gas prices. natural gas production had begun to decline. By 2005, U.S.

article thumbnail

Why Are Oil And Gas Production Rising When Rig Counts Are Falling?

R-Squared Energy

oil and natural gas production are both poised to set new annual production records, after monthly production has risen steadily all year. Keep in mind that the rig count is a measure of rigs that are currently drilling for oil and gas. The biggest example of that can be seen in the natural gas rig count.

article thumbnail

How will the energy crunch impact the transition to renewables?

Renewable Energy World

Record-high natural gas prices are fueling an energy crunch ahead of winter in the Northern Hemisphere, leading to power shortages in parts of the world. On one hand, developing countries eyeing a switch from coal to natural gas to support higher penetration of renewables may be dissuaded by higher gas prices.

article thumbnail

Renewables became second-most prevalent U.S. electricity source in 2020, per EIA

Renewable Energy World

according to the Energy Information Administration , coming in second to natural gas at 1,617 billion kWh. Only natural gas produced more electricity than renewables in the U.S. peaked at 2,016 billion kWh in 2007, and much of that capacity has since been replaced by or converted to natural gas-fired generation.

article thumbnail

Energy-related carbon emissions fell in 2020, EIA says

Renewable Energy World

EIA also cited continuing changes in the electricity generation fuel mix, as natural gas and renewables continued to displace coal. As natural gas prices fell during 2020, emissions from coal accounted for less than 900 million metric tons. Natural gas emissions fell 2% to around 1.6 billion metric tons.

Carbon 111