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coal consumption

Electrification – Damn the Torpedo

By Energy Rant No Comments
I attended Electric Power Research Institute’s Electrification 2022 Conference in Charlotte a couple of weeks ago. As a critical thinker and engineer, I often listened and thought, what about this or that, what does that look like at scale, or what you really need to do is ___. Silos of Excellence Everyone seems to think about an endpoint where the entire country will run on solar panels, windmills, heat pumps, and electric vehicles. No one talks about what must happen between here and there. The silos of excellence include: Our industry and associated tiny departments representing utilities expect a 100%...
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Save the Ships

Save the Ships for the Energy Transition

By Energy Rant No Comments
I’m not a casino gambler because I know who wins. I learned long ago that a stock is worth what the next guy will pay for it – nothing more and nothing less. Bad news is good news, and good news is bad. It’s entirely unpredictable. For example: Bureau of Labor Statistics: “Two hundred thousand jobs were added last month, well short of the 500,000 expected increase.” CNBC: “That was a horrible jobs report today!” Stock Market: “Hurray! The Fed won’t raise interest rates,” and the market climbs two percentage points. Commodities have more intrinsic value than securities, and therefore,...
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Wild Energy Ride

Next Up: A Wild Energy Ride

By Energy Rant One Comment
It has been a frothy year for the energy industry, and it will continue well into next year and beyond. How far? Heh heh. Let’s start with coal. After plummeting 30% in 2020, consumption bounced back, gaining 35% in 2021. Doing the math, that doesn’t quite get coal back to 2019 consumption. Coal plants are still closing at a breakneck pace, so consumption in the United States is bound to decline in the long haul, but will load balancers and utilities be able to keep the lights on in 2030? This is a concern to me because no source of...
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