From Reuters:
June 30 (Reuters) – The Texas power grid comfortably met record demand during this week’s heat wave with abundant power supply from wind and solar plants, data from the grid operator showed.
Category Archives: energy
Cost of Energy Production from Wind, Over Time
A reader asks “what’s changed over 11 years” in defending citation of a blogpost from 2012.
“Funny that these graphs consistently show the start of the Russian invasion, apparently a propos of nothing.”
That’s reader JohnH wondering why I put indications of the expanded Russian invasion of Ukraine (recalling the original invasion is in 2014), along with the recession. Well, it seemed like the beginning of the largest land war in Europe since World War II (with major battles not far from Kursk) had an impact on sentiment, etc., to wit:
“Sky-high [natural] gas prices…”
Oil Prices, Gasoline Prices
Oil prices are down, and futures are in backwardation. Gasoline prices are also (way) down from June peaks.
Hubbert’s Peak and Technology
What assumptions were made?
Natural Gas and LNG Exports vs. Goods Exports
Statistics through 2022Q2 – rapid growth in natural gas exports but from small base. LNG exports contribution to change in goods exports quantitatively trivial.
Not a recession … yet
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 2.6% annual rate in the third quarter. That’s close to the historical average (3.1%), and is a welcome sequel to the two quarters of falling GDP with which we started the year.
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The EIA and Futures Outlook for Oil Prices
From the EIA’s Short Term Economic Outlook:
Euro Area GDP Nowcasts, Pre-NordStream Indefinite Shutdown
Natural gas futures surge as Gazprom announces shutdown. What were nowcasts indicating before this announcement? Nowcasts from Banca d’Italia via CEPR, Cascaldi-Garcia et al., and Woloszko/OECD.