However, a great deal of uncertainty surrounds this result.
Shared under a Creative Commons license New research from North Carolina State University and the University of Colorado Boulder finds that steep declines in the use of coal for power generation over the past decade were caused largely by less expensive natural gas and the availability of wind energy — not by environmental regulations.
We wanted to know how big a role each of these factors played in driving down the demand for coal. Consistent with national declines, coal plants in all four regions used much less of their power capacity in than in Similarly, the price of natural gas dropped in all four regions, and the amount of available wind power increased.
The researchers then created a model that accounted for an array of variables, such as daily power demand, and ran it to see how power use would have changed in if gas had been available at prices and wind power had been available at levels. In fact, these predicted "counterfactual" capacity usages were similar to observed capacity usages.
This suggests the so-called "war on coal" regulations were not the driver of the coal generation decline over this period.
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It looks like the changes in coal power production were actually driven largely by capitalism.The yield spread between long-term and short-term Treasury securities is known to be a good predictor of economic activity, particularly of looming recessions.
India's largest hub for intelligence, advisories, reports, databases and forecasts on the oil and gas sector. Natural Gas Industry on the US Economy, The economic impact of the oil and natural gas industry reaches all 50 states and the the oil and natural gas industry.
of the oil and natural gas industry. PwC prepared a prior study for the American Petroleum Institute that quantified the economic impacts.
3 Study Highlights The scenarios in this study project significant growth in oil and gas production and markets that evolve to accommodate such growth. Are Low Oil Prices Good for the Economy?
Oil prices have been on a wild ride lately. How AI Will Increase the Supply of Oil and Gas—and Reduce Costs;. New research from North Carolina State University and the University of Colorado Boulder finds that steep declines in the use of coal for power generation over the past decade were caused largely.