Coal

“I mean, I think any power from coal will mostly go away. I think you're still going to see a lot of gas, just because, particularly in the US, it's cheap, it works, it's fast, but I think coal is going to go away, and then you're just going to see more of ever…”

“One of those pellets is equivalent to over a hundred barrels of oil or over a ton of coal.”

“So it's kind of like you know, behind the meter for coal for a solar facility. So it's accounting for, I've seen some estimates, accounting for 60% of the energy used to produce these solar panels.”

“The schedule to bring it online for the large gigawatt scale projects has been uncertain. The costs are often above what's projected. And when you look at the total package, it's not cheaper than coal. It's not cheaper than natural gas. It's not cheaper than h…”

“Uranium, while it does require, you know, digging out of the ground or whatever, it's so much easier to store. It's a million times as dense as coal, right?”

“And the way I would describe the paradigm shift very simply is the last five decades of energy have been defined by coal and then natural gas. And the next five decades of energy will be defined by solar and battery storage. And by the way, it has nothing to d…”

“If you look back to 1800, even biomass today is used more than it was in the 1800. Oil is used more. Gas, coal, everything is used more. And solar and wind were simply additive.”

“30% of the world's electricity today comes from coal. 60% of China comes from coal. China's added close to a hundred gigawatts of coal in the last 12 months.”

“Nuclear reactors are steam engines and steam engines operate on what's called the Brayton cycle. And there are certain irreducible costs associated with, you know, steam turbines and so on that, that just drive the cost up. And that's, even if NRC didn't exist…”

“XAI just didn't make any ESG commitments. So they're just burning coal to just pump energy into this latest training run.”

“Nuclear is super clean. The new nuclear technology is extremely safe. I mean, the, and even the old technology is very safe compared to oil which is really kind of the alternative or coal”

“We're, you know, going to be taking offline over 200 gigawatts of coal over the next, you know, 15 years, just mainly because it's at the end of life.”

“Coal still makes up 60%, 66% of their power generation. In India, it's 74%, and even in Germany, where we always talk about them being leaders in Europe on climate, it's 30%.”

“Even on a net zero pathway, critical minerals demand does not top thirty million metric tons in 2040, according to the IEA, and by comparison to thirty million metric tons, oil production last year was 4.4 billion. Metric tons. Coal was seven and a half billio…”

“It's a quarter of all the coal, oil, and natural gas that we burn in the world is for industrial heat.”

“In 1938 and 19 39, one exported courtier dress would pay for 10 tons of imported coal, and a liter of exported perfume would pay for two tons of imported gasoline.”

“The U.S. Has gone from coal, the use of coal, to the use of shale gas, ok? Now, most of its energy today comes from shale gas.”

“It's been clear for years now that natural gas used domestically, because a lot of it leaks out, is pretty much akin to using coal, and now we have really interesting new data from Bob Howarth that Cornell, the kind of dean of methane scientists, who's done th…”

“The current production of cement actually relies on the production of electricity and steel from coal. And both of those industries' growth have slowed. And That is leading to a domino effect where the price of cement has been rising.”

“The sheer investment happening in China is enough to make me bullish that, at least when it comes to coal, we're likely to see a steeper drop off than the IEA expects.”

“And dramatic example of narrative defeating data, because it's very, very obvious from the data that nuclear is far safer than say oil or coal.”

“We've retired roughly 200 gigawatts of coal in the last twenty-ish years or so. Most of that has been replaced by natural gas, but that is not growing as fast as it probably needs to sort of maintain the reliability levels of the grid overall.”

“So Poland became the chief supplier of coal To the other countries of the Eastern Bloc.”

“They have taken a huge chunk of the market away from coal, and they're cutting into natural gas's market share for providing electricity to the state, and there are oil and gas guys who really don't want to give up anything else.”

“And so Watt Time, that is the general methodology that they use. They found that 85% of incremental load from Bitcoin mining comes from coal and natural gas plants.”

“Today we have about 1.3 terawatts of installed operating hydropower. And that represents about the it's the majority of renewable energy produced in the world today. It's the third largest source of electricity after natural gas and coal.”

“Natural gas actually produces more global warming in almost every case than coal.”

“You know, I don't know where things are gonna go, but I think the fact that the Inflation Reduction Act incentives are durable for the next 10 years mean that the trend we've observed is, is not going anywhere fast.”

“I strongly suspect that there will be more solar in Indonesia than we forecast. Solar will get cheaper than coal there. It will find places to ease in. The government will probably even change its policy.”

“Half of the power generated in, in Africa is from South Africa. A lot of that is coal dominated as well.”

“Well, it is a very big disruption in the energy markets, and in a sense, it's global, or maybe you can even say all-encompassing, because it involves not only oil as previous crises, but natural gas and coal.”

“Countries that were counting on LNG in Asia, for instance, developing Asia, can't afford it. So what do they do? They burn coal, or they have blackouts.”

“So right now we need to burn more coal, and this is why we have seen in many countries that coal is being brought back. I mean, in Germany, in Austria, in France, in the Netherlands, everywhere is being brought back because there is no other issue in the power…”

“The second reason is that Germany has continued with their nuclear power plant decommissioning, so a few gigawatt free nuclear power plants were decommissioned at the end of last year, and they are going to decommission another three at the end of this year, w…”

“So we may actually be destroying that demand potential in the long term. So if you are thinking that, hey, I am going to sell LNG to Europe for 10 years, and then by 2035, I will have potential in Southeast Asia. I am not so sure. First of all, because they ma…”

“Interestingly, about 80% of the aluminum and 80, 80% of the steel production in China is done with coal.”

“In places like the Permian where, you know, the number is seven percent, then eight percent, then nine percent, those are tragically high fugitive, fugitive, fugitive levels. You might as well be doing coal.”

“The dispatching in the U.S. Power sector went, went back to favor call a number of months ago, perhaps even a year ago. So you can already see in the U.S. Emissions data, The impact that it, that it's had.”

“15 years ago, coal made up half of the electricity produced in the U.S. In 2020, it fell to 19%. But in 2021, coal use increased by double digits, even though demand for power increased by only a few percentage points.”

“So there's some parts of the country I'm thinking about some pockets in the West where actually coal still makes it in the market. It's still competitive. It's still alive.”

“Fossil gas has been the biggest factor in the decline of coal, even though renewables are booming.”

“So I can't see coal roaring back to its glory days of a few decades ago. I don't think anyone sees that. I personally think it'll be shorter term.”

“If you are to burn natural gas in in an appliance in a home, for example, like a home boiler or in, in, in an oven And you take that two and a half percent leak rate upstream as a given, then it's actually even a little bit worse in the next 20 years from a gl…”

“No particulate matter, Which takes years off everybody's life and kills several million people a year in China from coal and so on and diesel.”