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" ... One oil and gas executive said gas could have a moment in the near term, but the industry needs to learn the lessons of coal. He said he expects gas demand to steadily shift to overseas, until those governments and foreign ESG investors find it unpalatable. ... "
" ... Petra Nova was a collaborative effort, with funding by DOE, to save coal power plants. The capture system in Figure 2 retained a ton of CO2 every seventeen seconds. That’s 17.5 thousand cubic feet (Mcfd) in 17 seconds or 89 million (MMcfd). That’s a lot — equivalent to natural gas production from nine big shale gas wells each making 10 MMcfd. Virtually all the CO2 was removed from the flue gas in Figure 2 and transported by pipeline to an injection well. The CO2 released more oil from the oil field, which went to market while the CO2 was recycled. ... "
" ... The Obama administration went after the coal industry, which was already suffering due to competition from natural gas. The Biden administration will almost certainly go after all fossil fuels, including natural gas and oil. It does not have the tools to shut the industry down completely but can constrain, harass, and propagandize against it. ... "
" ... The economic argument underlying energy system decision making is in the process of fundamental transformation. It is now cheaper to invest in solar than coal in many jurisdictions. As central banks and investors focus on climate risk, and renewable energy provides a price stable and relatively cheap alternative to fossil fuels, appetite for renewable energy is likely to continue to grow. ... "
" ... “We have to focus on the market and what people want,” says Bill Brown, chief executive of Net Power, at the conference. “Right now, coal is a problem. This country will not be a big buyer of coal. But China and India will be as far as the eye can see. We can vilify them or we can make it work. ... "