 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 21 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 5 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 21 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 21 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 12 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 12 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 12 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 12 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
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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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