article thumbnail

U.S. May Have Hit Peak Natural Gas Power Generation, Report Says

Yale E360

electricity generation using natural gas likely hit its peak in 2020, according to a new report from the Institute for Energy Economics and Finance (IEEFA), which finds that cheaper wind and solar are edging gas off the power grid. In the U.S., Read more on E360 ?.

article thumbnail

Fossil Fuels Received $5.9 Trillion In Subsidies in 2020, Report Finds

Yale E360

Coal, oil, and natural gas received $5.9 trillion in subsidies in 2020 — or roughly $11 million every minute — according to a new analysis from the International Monetary Fund. Read more on E360 ?.

2020 360
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Problems with Liquefied Natural Gas

Ocean Conservancy

There is no time to waste on false climate solutions like Liquified Natural Gas (LNG)—a fossil fuel with serious global warming and public health implications. Liquified natural gas is not exactly “natural”. extraction, production, transport, storage and use) of LNG to answer these questions. What is LNG?

article thumbnail

Independent Fiscal Office Reports 2nd Quarter PA Natural Gas Production Dropped To Lowest Level Since 2020 As A Result Of Drillers Trying To Raise The Price Of Gas

PA Environment Daily

On September 5, the Independent Fiscal Office reported second quarter natural gas production in Pennsylvania dropped to its lowest level since the third quarter of 2020. Drillers have likely cut back in response to very low average [natural gas] prices and high [gas] inventory levels," the report says.

article thumbnail

Baker Hughes: PA Natural Gas Drilling Rig Count Down To 12, Lowest In More Than 17 Years; Community Support Drops; Big Hole In DEP Budget

PA Environment Daily

On October 25, Baker Hughes reported the number of natural gas drilling rigs in Pennsylvania dropped to 12, the lowest number of rigs in the state since July 2007, according to Reuters. Natural gas companies are reducing the number of rigs and new wells they are bringing online in an attempt to raise the prices of natural gas.

article thumbnail

Wind Energy Accounted for 42 Percent of New U.S. Power in 2020

Yale E360

capacity in 2020, while solar supplied 38 percent and natural gas the remaining 20 percent. Wind energy accounted for the bulk of new power-generating capacity in the United States last year, according to a trio of new reports from the Department of Energy. In total, wind supplied 42 percent of new U.S. Read more on E360 ?.

2020 161
article thumbnail

Independent Fiscal Office Reports Lowest Quarterly Natural Gas Production In PA Since 4th Quarter Of 2020, First Decrease In Production Growth Since 2018

PA Environment Daily

On May 26, the Independent Fiscal Office reported the lowest recent quarterly natural gas production in Pennsylvania since the fourth quarter of 2020 and a 105 billion cubic foot decrease (0.6%) in production since the fourth quarter of 2021. There were 136 new horizontal wells spud (drilled)in the first quarter of 2022.

2018 104