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Libya's Oil Conflict Is Escalating Again

Libya's Oil Conflict Is Escalating Again

External forces are all preparing…

US DOE Issues Report in Support of Natural Gas

The US Department of Energy’s National Energy Technology Laboratory last week released a report in support of natural gas as a cost-effective resource for the generation of electric power and an environmentally favorable alternative.

According to the “Role of Alternative Energy Sources: Natural Gas Power Technology Assessment”, because of the existence of shale basins across the US, natural gas will continue to expand as a gas resource, while horizontal drilling and hydraulic fracturing (fracking) will guarantee decades of domestic supplies.

In terms of environmental impact, the report said “properly engineered and implemented natural-gas systems have favorable environmental and cost profiles in comparison to other energy sources."

The report is based on the evaluation of gas combined cycle; gas combined cycle with carbon capture and sequestration; gas turbine simple cycle; and fleet baseload average.

By. Charles Kennedy of Oilprice.com



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