Joe did that - energy shortages during winter

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Looks like winter is going to be "interesting" - from The Epoch Times:

Energy Crisis May Trigger Winter Blackouts Across US: Coal Firm CEO
The energy crisis that has led to shortages and blackouts in Europe and Asia could hit the United States this winter, said the CEO of an energy firm.

“We’ve actually had discussions with power utilities who are concerned that they simply will have to implement blackouts this winter,” Ernie Thrasher, the head of Xcoal Energy & Resources, was quoted by Bloomberg News as saying. “They don’t see where the fuel is coming from to meet demand.”

He added that utilities are switching from natural gas to coal during the fall and winter months to keep up with the demand.

The global demand for power has increased as economies attempt to recover from the COVID-19 pandemic, triggering natural gas shortages primarily in Europe and Asia.

Power producers including Duke Energy have warned customers that bills may spike during this winter. Duke’s Piedmont Natural Gas unit stated Tuesday that higher gas prices and low production will raise customer bills by approximately $11 per month in North and South Carolina.

“That whole supply chain is stretched beyond its limits,” Thrasher, whose Pennsylvania-based company works in coal logistics, said. “It’s going to be a challenging winter for us here in the United States.”

And we have it good here regarding Natural Gas prices:

The benchmark U.S. natural gas contract has been rallying, lately hitting seven-year highs, but its $5.62 per million British thermal units price is a far cry from the $30-plus being paid in Europe and Asia, Reuters noted.

However, the U.S. market is worried about the coming cold, particularly in New England and California—where prices for gas to be delivered this winter are far above the nationwide benchmark. In New England, buyers are expecting gas to cost more than $20 per million British thermal units.

Used to be $5.62. Going up to $20 but Europe is paying $30.

Yeah - alt.energy is a fun toy to play with but if you want reliable power, coal or Nuclear is the way to go.
Suck it up hippies - that is the truth and you know it.

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This page contains a single entry by DaveH published on October 9, 2021 10:52 AM.

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