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EIA: high prices for natural gas this winter as global consumption remains high and inventories low

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The US Energy Information Administration (EIA) expects higher-than-average natural gas prices globally as demand remains high this winter in the United States, Europe, and Asia, and inventories remain low. That price will be the highest inflation-adjusted monthly average price since 2008. —EIA Administrator Joe DeCarolis.

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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

The US Department of Energy’s Vehicle Technologies Office reported a remarkable 89% decrease in the cost of electric vehicle lithium-ion battery packs between 2008 and 2022. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh. Historical data is an eye-opener.

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MIT and IEA reports take different views of the future of natural gas in transportation

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MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. The IEA takes a more conventional approach, assessing the impact on the penetration of vehicles burning gas as their fuel. Earlier post.)

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Fossil Fuel Production Up in 2008 Despite Recession

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World production of fossil fuels—oil, coal, and natural gas—increased 2.9% in 2008 to reach 27.4 By 2008, coal production represented a third of fossil energy production. Mtoe per day in 2008, representing 39% of fossil energy production and slightly above the level in 2006, the next-highest production year. Mbpd in 2005.

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Hot Tub Time Machine WayBack Wednesday – Reposted Word-for-Word from June 25 of 2008

Creative Greenius

Wednesday, June 25, 2008. Right now, here in 2008 the cat is on the roof for global warming. If you’re feeling the impact of today’s $5 a gallon gas and rising food prices and worried about the dropping equity in your home then wait till you see what’s coming in your immediate future. ” “What!? I understand.

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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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The partnership with AVL has already resulted in bringing to production the TECO Future Funnel, a complete exhaust gas cleaning system. IMO, the International Maritime Organization, targets carbon emission cuts of 40% by 2030 and 70% by 2050, compared to 2008 values. The plan is to start fuel cell production in 2022.

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Duke Energy suspends proposed Harris Nuclear Plant expansion; lowered consumption forecasts and new natural gas plants

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Progress Energy Carolinas submitted the combined construction and operating license application to the NRC in February 2008. Duke uses an integrated resource planning approach to ensure that it reliably and economically forecasts and plans resources to meet the electricity needs of its customers well into the future.