natural gas

“There are natural gas bans for new construction. I live in Berkeley, California. We have one here. I think we were the first city in the country to have one.”

“In the US, for example, as of twenty-twenty, we used 38% of our natural gas in the power sector, 33% directly in the industrial sector, 25% in buildings, mostly for heating.”

“Where I'm pretty confident we'll, we'll see the longest tail of natural gas for the foreseeable future is in all of the end uses that are currently served by natural gas at the distribution level. So again, That's predominantly building heating. Interestingly …”

“Now, even, even that pathway can't scale to fully supply or even really nearly fully supply or replace the methane that we're using today, but it could take a more significant chunk out of it. It's generally at least today, a far more expensive pathway. You kn…”

“The problem with all those sources of RNG landfills and cows and pigs is that they just don't scale to serve anywhere near the, Full amount of natural gas demand that we have today.”

“If you look at the most kind of credible, well-respected widely accepted recent studies of the leak rate, the amount of natural gas that is escaping to the atmosphere, all the way from the wellhead where gas is extracted, all the way to the end use It ends up …”

“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…”

“Natural gas is used in just so many end uses for energy today and it's used in some of the end uses that end up being the hardest to decarbonize on any kind of, You know, 10, 20, even 30 year time frame purely through the prospect of decarbonizing the power su…”

“What you find in almost every use case, and I would say in particular Again, in the distributed use cases like building heating is that, you know, maybe the first, you know, the first 50% of gas demand that you soak up with electrification is relatively easy. …”

“While I think it's possible that the purest viewpoint, the climate hipster viewpoint ends up being the right one in, in the very long run, it's possible we do move towards a zero fossil fuels, zero natural gas as a portion of primary energy supply. I think it'…”

“So the absolute first thing you have to do, which is basically a no regrets option because it's actually ends up being relatively low cost is. Become a methane emissions hawk and go after those upstream emissions as aggressively as humanly possible.”

“It's much cheaper today in, in most parts of the U.S. To use natural gas or fuel oil to create the heat that you need if what you're looking for is heating.”

“I do think longer term, you're right, it would, could split that link if, you know, if basically natural gas plays a very small role in, in Europe's energy mix in another five years that'll help drive a wedge between the prices in the power sector and the gas …”

“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.”

“But I worry that we're going to replace oil resource wars, or what we're seeing today, natural gas resource wars, with water resource wars. There have been water wars in the past. I'm worried that we'll have more water wars. That, that's something I really am …”

“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.”

“We saw natural gas, at least for a point, trading at close to the energy equivalent of 600 dollars a barrel.”

“In fact, if you have super relaxed rules, which you would base purely on renewable energy credits, or maybe guarantees of origin with no form of additionality whatsoever, you would actually Increase energy insecurity, because you'd be burning more gas than if …”

“There's a very limited supply of biogas. It's being aggressively taken up and it sort of typically trades at a, about a four times price premium to natural gas.”

“We have seen prices in Europe at, you know, almost one dollars per mmbtu, which is not something that we have ever seen. I mean, Prices in Europe over, you know, the past few years had been around six to eight dollars per MBTU.”

“Prices on the EU benchmark index peaked in August last year, August, 2020 and the spot market above 340 euros per megawatt hour. But over the ensuing five months, it's been basically down, down, down, such that prices today are less than a fifth what they were…”

“Prices went to 100 dollars per MMBTU. So with all due respect to my old friends, we in the gas market have reached 580 dollars per barrel.”

“The European Commission is always very prompt at saying, uh-oh, We have been very successful at reducing our imports of Russian gas. I mean, look, you know, they have been really down. And I'm saying, well, I am very sorry, but actually you have not Mr. Putin …”

“It is, however much, much, much, much better From a climate perspective than just burning natural gas, for example. I think one study said something like 75% better in a In a negative case, and if it's truly low emissions, embodied hydrogen plus low leakage ra…”

“For natural gas, it goes from 25 to 80, roughly, from a, when you compare a hundred to 25. And for hydrogen, it goes from 10 to 40, so it increases substantially, but it's still half of the global warming impact, global warming potential of Natural gas per kil…”

“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.”

“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.”

“I mean you know, the cost of producing the e-methane would be, I mean, the estimates from the IA right now is something around 80 dollars per mmbtu, which is about 10 times, you know, the normal price of natural gas.”

“Typically right now it's about, you know, 30% of the energy which is in hydrogen will be, you know, used in order to basically liquefy the hydrogen. Typically for natural gas it's between five to 10%.”

“I think if you think about an economically viable way to provide commercial and industrial facilities with the type of resilience that most of them are looking for, you're using fossil gas or natural gas or freedom gas plus solar and storage or diesel or propa…”

“There's some folks out there that are saying they can get another 30% Improvement in heat pump efficiency, which now you're really talking about being competitive on a total cost of ownership against natural gas, even in places where natural gas is the most in…”

“If you can find hydrogen under the ground, the reality is you should be able to produce it from a volumetric standpoint at a similar cost that we produce natural gas out of the ground.”

“So we have about a hundred and fifty billion cubic meters of natural gas being flared last year. These are the latest data from the World Bank. And if you want a comparison point, Norway's natural gas production was about a 120 billion cubic meters. So we flar…”

“But in the year 2000, natural gas made up about 17% of power generation. Here in the US. By 2020, it was 40%.”

“This, for example, is how XAI is partially powering its rapidly built data center in Memphis, but lots more similar announcements with new natural gas have arrived.”

“I will reiterate that this number, 70 to a hundred dollar megawatts, requires low cost natural gas. So Europe is not going to be doing a lot of this, right?”

“In the U.S., assuming three dollars per million BTU for natural gas, on a new build, All costs. That means cost of capture, compression, transportation, storage, and permitting. You're looking at 70 to a hundred dollars a megawatt hour.”

“Anyway, we have talked before a little bit about the build-out of natural gas that is planned in the United States and a bunch of other countries that is being driven by data centers.”

“If you think about it in terms of dollars per ton, natural gas is the most expensive. If you think about it in terms of dollars per megawatt hour, it's actually the least in the power sector.”

“You know, turbines today for natural gas, you know, if you place an order today, it's, you're not going to see that until, let's say, twenty-thirty.”

“I definitely converted to all electric HVAC in my house, and now I pay almost twice as much as what we paid before on a gas-based system.”

“There's a big meta project in Louisiana that's going to build a bunch of new natural gas.”

“And without natural gas, we are not going to be able to power the AI revolution. That's a fact.”