natural gas

U.S. natural gas inventories poll – graphic of the day

Today’s graphic shows the results of a recent Reuters natural gas inventories poll expressed as a deviation from the mean. Gas storage is expected to end the heating season at 16% above the average, but still below the March 2012 record.

natural gas

Energy outlook – graphic of the day

A new report from BP suggets that energy produced by wind, solar and other renewable sources will grow by fourfold by 2030, but the clean-energy sector will account for only a small fraction of total output. Here are some more highlights from Wednesday’s report:

  • Natural gas is projected to be the fastest growing fossil fuel globally to 2030 at an average annual rate of 2.1%.
  • Energy from coal will account for more than a quarter of total energy output by 2030.
  • Dependence on fossil fuels such as coal and natural gas means global carbon dioxide (CO2) emissions will rise to levels “well above” what science says is needed to avoid runaway climate change
  • 28% increase in global CO2 emissions by 2030

Today’s graphic forecasts energy consumption by resources and region using data from the report: (more…)

Hydraulic fracturing – how it works

Hydraulic fracturing, commonly known as fracking, is the creation of fractures in the rock formations in the earth using pressurized fluid generally for the purpose of extracting natural gas. Today’s graphic is an in depth look at how the fracking process works.

Fracking

Amid fracking boom, unlicensed middlemen often closing the deals

Drilling companies are hiring and dispatching brokers to cut deals with local land owners for their mineral rights. The mission of these so-called “land men”: Close the deal quickly. Reuters travelled to Carroll County, Ohio, to find out more about this unregulated aspect of the hydraulic fracturing boom.

Watch more Reuters Investigates episodes and read the full special report.

Exploring the Rational Middle

The first event that I attended at the Aspen Ideas Festival was titled “Exploring the Rational Middle: How Do We Stay There in the Natural Gas Debate?”  The panel was a powerhouse of energy experts: Gregory Kallenberg, Alexis Karolides, Russ Ford, and Richard Newell, and moderated by Thomson Reuters Chrystia Freeland. The inspiration for the title of the session comes from The Rational Middle Energy Series, which is a series of short films created by the team that produced the acclaimed documentary, “Haynesville: A Nation’s Hunt for An Energy Future.” During the session, we previewed two of the series’ films, “What’s at Stake” and “The Great Transition”. They touched on subjects such as where American energy comes from, renewables and their miniscule representation of total energy consumption, how natural gas can play a role in renewable energy and how patience and innovation can make major changes in our energy future.

Although the title of the session mentioned natural gas, that topic wasn’t really discussed much until the end of the session. The beginning portion focused mainly on our current consumption environment and the role that renewable energy will play in the future. 2050 was the key year that kept coming up as a target date. Alexis Korolides talked about the importance of keeping consumption constant over the next 40 years. This could be done by increasing the use and efficiency of renewables. Richard Newell (described by the panel as an “energy stud”) and Russ Ford weren’t so optimistic about being able to eliminate our reliance on fossil fuels by 2050. But an interesting point that Newell made was (more…)

Hydraulic Fracturing (Fracking) – Graphic of the Day

Hydraulic fracturing, commonly known as fracking, is the creation of fractures in the rock formations in the earth using pressurized fluid, generally for the purpose of extracting natural gas. Today’s graphic diagrams the process, highlights the possible risks and presents a few graphs showing the significant growth of the practice.

You should also check out Alpha Now’s analysis on a similar subject.

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