Monday, March 18, 2013

Wind Power (DOWN), Natural Gas (WAY UP)

Forecast Dims for Future Growth in Wind Power
  • "Even though total wind power capacity grew by 30 percent last year, with 13,000 megawatts in new wind turbines, the actual portion of our electricity coming from wind energy did not increase proportionally. "
  • This is a huge understatement because next paragraph says: "But overall, wind power contributed only about 3.5% of all the electricity generated in the U.S. last year, up from 2.9% of the share in 2011."
  • +30% in wind installations resulted in US wind power change from 2.9% to 3.5% a 0.6% gain.  NUTS!
Japan Just Opened Up a Whole New Source for Fossil Fuels
  • The stores of offshore methane clathrates around Japan, says the BBC, are estimated at around 1.1 trillion cubic meters of the mix, enough to supply “more than a decade of Japan’s gas consumption.”
  • The United States Geological Survey, says The Washington Post, estimates that gas hydrates worldwide “could contain between 10,000 trillion cubic feet to more than 100,000 trillion cubic feet of natural gas.”
  • Some of that gas will never be accessible at reasonable prices. But if even a fraction of that total can be commercially extracted, that’s an enormous amount. To put this in context, U.S. shale reserves are estimated to contain 827 trillion cubic feet of natural gas.
In case I am not mistaken, Hawaii is surrounded by ocean ...

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