[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

30 years ago, “Weird Al" Yankovic's "UHF" becomes a cult classic

Afghanistan Isn't Worth Dying For

Trump: Sen. Rand Paul to help with Iran negotiations

In Bizarre Move, US House Chaplain Gives ‘Exorcism’ Prayer to Drive Demons Out of Congress

MDMA Shown to Help Alcoholics Shake Addiction in New Study

Another Associate of Trump and Clinton Just Got Charged with Sex Trafficking

Charges Dropped vs. Mom Facing 60 Days in Jail for Toddler Peeing in Parking Lot

Detroit Man who Spent 3 Nights in Jail for Jaywalking Settles for $45,000

Texas Cops Beat and Taser Man after finding Antibiotics in his Car

White supremacy could be issue that 'ends this country,' presidential candidate says

Trump has not built a single mile of new border fence after 30 months in office

Mark Levin puts war first and America last

Somali-Born Journalist Returned To Her Homeland To Document How 'Safe' The Country Is But Terrorists Killed Her

A Florida woman was fined $100,000 for a dirty pool and overgrown grass. When do fines become excessive? [she didn't even own it]

Family Gets $750k After SWAT Raided and Destroyed Their Home, Killed Their Dog—Over Unpaid Utility Bill

Michelle Obama is ‘most admired’ woman in the world, new poll says (Bullshit Alert)

U-M student Kathy Zhu stripped of Miss Michigan World America title

Moon Landings Debate on False Flag Weekly News with Massimo Mazzucco 07/19/2019

Grand Jury Filing Over Use of Explosives on 9/11 ‘Names Names’ of Who May Have Blown Up Towers

Hating America After 9/11

The CIA Wants To Make It Easier To Jail Journalists And No One In Congress Is Stopping It From Happening

Jeffrey Epstein: CFR and Trilateral Commission Member

Robert Mueller Should Be Arrested for Conspiracy to Overthrow the President of the United States

Surprise Twist in WikiLeaks Case! UK Refuses to Extradite Assange to Country With Death Penalty!

Tempus Fugit

"It's Going To Be Staggering": Epstein Associates Prepare For Worst As Massive Document Dump Imminent

Rush Limbaugh Abandons Fiscal Conservatism

Round-Up of Crypto Exchange Hacks So Far in 2019 — How Can They Be Stopped?

Bitpoint Hack Shows That Regulators’ Scrutiny Does Not Equal Safety

The Federalist: Democrats Called for Seb Gorka to Be Deported Over Sham Twitter-Based Claims, and Jerry Nadler Even Opened an Investigation Seeking to Deport Him, and the Media Cheered

A Kentucky farmer, ex-Marine wants to challenge Mitch McConnell in 2020 US Senate race

Police called on boy holding 'ice cold beer' sign

What Was It All for For: Vets Have Finally Turned on America’s Endless Wars

Or you can mail donations to Henry Shivley at P.O. Box 964, Chiloquin, OR 97624 ← JINSA Bob Nelson Famous Duck Routine → Video shows Donald Trump partying with Jeffery Epstein and Ghislaine Maxwell

Republicans Defending Trump Are 'Hurting Themselves and They're Hurting the Country'

DIVORCE AGREEMENT Between Republicans & Democrats

Rand Paul Wants To Be Trump's Man in Iran. That Would Be Good News for Peace.

Elderly robocall scam victim committed suicide after 'fraudsters' stole life savings

Watch Elon Musk’s Neuralink presentation

“Did He Not Make Them One?”

Jon Stewart Eviscerates Rand Paul for Blocking 9/11 Victim Funding: ‘It’s an Abomination’

President Trump On Ilhan Omar: I Hear She Was Married To Her Brother!

SHOCK: Portland ANTIFA Holds Memorial For ICE Firebomb Terrorist

‘Trump’s Going to Get Re-elected, Isn’t He?’

Surprise! Illegal immigration deeply unpopular with voters … in Mexico

FBI To Ramp Up Social Media Surveillance

THE NEW ROTH SHOW #16C Timing is everything,

America, Love It or Leave It!

Trump May Appoint Fringe Neocon to Head Intelligence

What Would a Free Society Actually Look Like?


Status: Not Logged In; Sign In

Alternative Energies
See other Alternative Energies Articles

Title: Bad news for green energy lovers: US oil & gas are booming
Source: NYPost
URL Source: https://nypost.com/2018/05/17/bad-n ... lovers-us-oil-gas-are-booming/
Published: May 17, 2018
Author: Robert Bryce
Post Date: 2018-05-19 12:44:14 by Tooconservative
Keywords: None
Views: 131

Another day, another spate of headlines about the growing mess at Tesla.

Last week, the electric carmaker announced that its head of engineering, Doug Field, was taking a leave of absence to “spend time with his family.” That news came just a few days after the company announced dreadful first-quarter financial results. As usual, the company posted a huge loss (nearly $785 million) and the company’s CEO, Elon Musk, promised that Tesla will soon — really soon, and he means it this time — begin churning out Model 3 cars by the thousands.

But the media’s infatuation with Tesla is overshadowing a story that’s far more important than the number of electric cars, solar panels and batteries that Tesla may (or may not) be producing.

Two days before Tesla announced its first-quarter results, the Energy Information Administration reported that US production of both oil and natural gas are at record levels.

In February, oil output hit 10.2 million barrels per day and gas production hit 87.6 billion cubic feet per day. The fact that US oil and gas companies are producing such prodigious quantities of energy — and by doing so, are saving consumers billions of dollars per year — should be headline news.

As my colleague at the Manhattan Institute, Mark P. Mills, has noted, the shale revolution has turned the US into an energy superpower. The combination of horizontal drilling, hydraulic fracturing and other technologies, he says, has resulted in “the fastest and biggest addition to world energy supply that has ever occurred in history.”

How big is that addition? Over the past decade, merely the increase — I repeat, just the increase — in US oil and gas production is equal to seven times the total energy production of every wind turbine and solar project in the United States.

Climate-change activists like to claim that renewable energy can power the entire economy and that we should “do the math.” I couldn’t agree more — on the math part. In 2008, US oil production was about 5.2 million barrels per day. Today, it’s about 10.2 million barrels per day. In 2008, domestic gas production averaged about 55.1 billion cubic feet per day. Today, it’s about 87.6 billion cubic feet per day.

That’s an increase of about 32.5 billion cubic feet per day, which is equivalent to about 5.5 million barrels of oil per day. Thus, over the past decade, US oil and gas output has jumped by about 10.5 million barrels of oil equivalent per day.

Let’s compare that to domestic solar and wind production which, since 2008, has increased by 4,800 percent and 450 percent, respectively. While those percentage increases are impressive, the total energy produced from those sources remains small when compared to oil and gas.

In 2017, according to the Energy Information Administration, US solar production totaled about 77 terawatt-hours and wind production totaled about 254 terawatt-hours, for a combined total of 331 terawatt-hours. That’s the equivalent of about 1.5 million barrels of oil per day.

Simple division (10.5 divided by 1.5) shows that since 2008, the increase in energy production from oil and gas is equal to seven times the energy output of all domestic solar and wind.

This surge in hydrocarbon production has resulted in huge benefits to the US economy. Over the past half-decade, foreign and domestic companies have invested about $160 billion in new chemical-manufacturing facilities in the United States. A 2016 study by IHS found that lower natural-gas prices have created about 1.4 million jobs and increased disposable income by about $156 billion.

Those real-world gains are being lost amid the neverending hype over Tesla and Musk, who during the May 2 briefing referred to a “solar-battery-powered mega charger” and claimed that Tesla drivers can “have sort of like a mind meld with the car.”

The punchline here is obvious: chatter about mega chargers and mind melds captivates the masses. But the most consequential energy story in America isn’t happening at Tesla, or other “green” energy companies. It’s happening in the oil and gas business.

Robert Bryce is a senior fellow at the Manhattan Institute.

(1 image)

Post Comment   Private Reply   Ignore Thread  


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com