• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 2 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 7 hours California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 1 hour "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 8 hours "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 7 hours An Indian Opinion on What is Going on in China
  • 1 day Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 13 hours Can Technology Keep Coal Plants Alive and Well?
  • 2 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 3 days Perfect Energy Storm in Europe: turning our back on fossil fuels is easier said than done!
  • 6 hours U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 11 hours Storage of gas cylinders
  • 4 days Nord Stream - US/German consultations
Editorial Dept

Editorial Dept

More Info

Premium Content

Big Oil Is Buying Up Renewable Energy

1. Coal shifts to seasonal load

- Coal continues to decline in competitiveness, with over 95 GW of capacity having shut down in the past decade. Coal used to make up more than half of U.S. generation; that figure is down below 25 percent now.

- While 200 GW remain, those plants are now utilized less and less. During the “shoulder months” of spring and fall, when electricity demand is down, coal plants have utilization rates of under 50 percent. During summer and winter, they are used at more than 60 percent capacity.

- In April and May 2020, coal plants had a capacity factor of less than 30 percent. “As a result, coal plants sometimes assert that they are unable to operate for enough hours to produce enough annual revenue to cover costs,” the EIA said in a report.

- Coal plants are now “evaluating plans to run plants on a seasonal basis,” the agency said. In other words, they would only operate in summer and winter, and not spring and fall.

- “The expectation is that completely shutting down plants when electricity demand is low will limit financial losses,” the EIA said.

2. Positive manufacturing data boosts oil

- U.S. manufacturing data in August expanded to 56.0, according to the Institute for Supply Management. Anything above 50.0 indicates expansion; below that level indicates contraction.

- That was the highest reading since November 2018, although it’s…

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News