Oil and Gas Lawyer Blog
I read recently that, because of increased wind and solar generation capacity in Texas, no new gas-fired generating plants are being built, and some are being mothballed. Then I read this week of rolling blackouts in California, being blamed on the unreliability of wind and solar power and the need to build more gas-fired plants.
EIA has projected the consumption of global energy by source out to 2040. Its projections don’t bode well for reducing carbon emissions. A depiction of its projections is below. By 2040 world energy consumption will increase 22%. Energy from oil, gas and coal will increase 11%. Coal consumption will be essentially flat. Energy from all other sources will increase 70%. Energy from wind and solar will increase a whopping 333%. But total energy production from sources other than oil, gas and coal will increase only from 19% to 26% of total energy production. (click on image to enlarge)
