The inconvenient fact about Renewables??--.Permian Basin adding billions of cubic feet of gas .

 FLOOD of Dense NATURAL GAS for years to come. 

The U.S. has been floating on a cloud of excess natural gas for the past decade and the oil-rich Permian basin is set to add to the gas glut, write Tim Puko and Christopher M. Matthews.

Technological innovations in shale oil drilling have opened the spigots for crude as well as natural gas and now gas production in the Permian basin is likely to triple by 2020 from its 2010 levels, say analysts.

“Gas production in the Permian is expected to increase by 5.5 billion cubic feet a day from the end of last year to reach 12.5 bcf by the end of 2020, according to energy investment bank Tudor, Pickering, Holt & Co. in Houston,” the WSJ   reports.

Spurred on by President Donald Trump’s pro-energy policies, investors are pouring money into oil and gas infrastructure.

“Blackstone Group LP last month agreed to pay $2 billion for EagleClaw Midstream Ventures LLC, a gas-focused pipeline company in the region. Kinder Morgan Inc. and at least two others have announced plans to spend billions of dollars on new pipelines,” the Journal reports.

An abundance of cheap natural gas has driven down energy prices and forced several coal producers out of business.

Gas prices are down 13% year to date, with near-record production and tepid winter-heating demand leaving storage levels 11% higher than the five-year average.

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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

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(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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