GECF Says NatGas Eclipses Oil as World’s Top Fossil Fuel by 2050
The Gas Exporting Countries Forum (GECF) is an international governmental organization providing a framework for exchanging experience and information among member cuntries. The GECF is a gathering of the world’s leading gas exporting countries and was set up as an international governmental organization with the objective to increase the level of coordination and strengthen the collaboration among its members. GECF publishes an annual report called Global Gas Outlook 2050 (full copy below) that provides long-term energy projections based on assumptions regarding macroeconomic conditions, energy prices, and policies. The most recent report, issued yesterday, makes a startling prediction.
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The official state bird for New York State is the tiny Eastern bluebird–no bigger than a chickadee. Here at MDN HQ, we maintain two bird feeders year-round in the front yard. We can remember only maybe 3-4 times over the years we’ve actually seen a bluebird at our feeders. The bluebird is one of our favorites because we see it so rarely. According to researchers at Penn State in State College, PA, loud noise from pipeline compressor stations has the ability to “diminish” the “reproductive success” of bluebirds and other songbirds. Who would even think to conduct such an experiment?
Researchers at the University of Illinois Chicago have discovered a way to convert methane into liquid methanol at room temperature. This is a big deal because methanol burns more cleanly (less carbon dioxide emissions) than burning methane (i.e. natural gas). Prior to this discovery by Chicago researchers, converting methane into methanol required a lot of heat and pressure that generates a significant amount of CO2 as a byproduct. There’s no real advantage to burning methanol created that way. This discovery sidesteps the heat and pressure needed to convert methane into methanol.
The Enverus U.S. rig count numbers continued to climb over the past week, even during the extreme cold snap and winter weather that shut down wide swaths of the economy in Texas, Oklahoma, and Louisiana. The rig count grew by four to 461 for the week ending Feb. 17. The Permian, which has added the most rigs in recent months, fell by 3 active rigs last week, but that was made up by several other plays, including the Marcellus which gained one rig in the dry gas region of northeastern PA.
Yesterday the U.S. Energy Information Administration (EIA) published the monthly Drilling Productivity Report (DPR). The latest DPR, which shows estimates for oil and gas production from the seven largest shale plays in the U.S., shows a drop in shale gas production across all plays (including the Marcellus/Utica) coming in March–except for an increase in gas production in the M-U’s primary competitor, the Haynesville.
The U.S. Energy Information Administration (EIA) recently issued its Annual Energy Outlook for 2021 (see
The so-called peak oil theorists have been positively giddy with excitement over predictions about the death of oil. “Just look at how much oil production demand AND supply has decreased since the outbreak of the pandemic. It’s NEVER coming back!” Those are the kinds of things the peakers tell themselves and anyone else who will listen. Mainstream media laps it up and repeats it. But when real researchers delve into the topic of whether or not oil has reached its zenith, the facts tell a far different story.
For the past week or so we’ve spotted stories in the Democrat press (i.e. mainstream news) about a so-called “research report” issued by a front organization for the Heinz Endowments called the Ohio River Valley Institute (ORVI). The ORVI recently released a report that purports to show the fracking miracle in the Marcellus/Utica hasn’t actually created all that many jobs or economic benefits. Here’s the first tip this report is a scam and a sham: The lead researcher from the so-called ORVI doesn’t live in the Ohio River Valley nor anywhere near the M-U, he’s a playwright who lives thousands of miles away on the Left Coast, in Washington State. In other words, the report is fiction.
Our favorite government agency, the U.S. Energy Information Administration (EIA), is a sub-unit of the Dept. of Energy. The DOE, as you know, is now part of the Evil Empire (aka the Biden Administration). As you also know, old dementia Joe has been bashing away at fossil fuels since he took office, promising to “transition away” from fossil fuels during his tenure of occupying the White House. Yet the EIA is out with a projection that shows “renewables” (includes not just wind and solar but hydro and “other”) will still make up less than half (42%) of electric power production 30 years from now! Fossil fuels (natural gas and coal) will still have a larger share of electric production than renewables 30 years from now. How’s that for a “transition away” from fossil fuels?
Yesterday our favorite government agency, the U.S. Energy Information Administration (EIA), released its “Annual Energy Outlook 2021.” One of the main themes of this year’s AEO is the profound impact COVID-19 has had and will continue to have on energy usage worldwide. EIA says it will likely take a decade or more for energy usage to return to the pre-pandemic levels of 2019.