 |
Louisiana Light • 4 days | 72.39 | +1.98 | +2.81% | ||
|
Bonny Light • 3 days | 75.19 | +1.17 | +1.58% | ||
|
Opec Basket • 4 days | 72.79 | -0.28 | -0.38% | ||
|
Mars US • 3 days | 71.39 | +1.89 | +2.72% | ||
|
Gasoline • 10 mins | 2.532 | +0.031 | +1.24% |
|
Bonny Light • 3 days | 75.19 | +1.17 | +1.58% | ||
|
Girassol • 3 days | 77.03 | +1.40 | +1.85% | ||
|
Opec Basket • 4 days | 72.79 | -0.28 | -0.38% |
|
Peace Sour • 5 hours | 65.99 | +1.64 | +2.55% | ||
|
Light Sour Blend • 5 hours | 67.29 | +1.64 | +2.50% | ||
|
Syncrude Sweet Premium • 5 hours | 76.24 | +1.64 | +2.20% | ||
|
Central Alberta • 5 hours | 65.59 | +1.64 | +2.56% |
|
Eagle Ford • 4 days | 66.58 | +2.01 | +3.11% | ||
|
Oklahoma Sweet • 4 days | 66.50 | +2.50 | +3.91% | ||
|
Kansas Common • 5 days | 58.25 | -1.50 | -2.51% | ||
|
Buena Vista • 13 days | 76.15 | -1.09 | -1.41% |
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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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