Thinking Outside The Haynesville
Although my focus is the Haynesville/Bossier shales in Louisiana and East Texas, my curiosity and internet alerts dig up a much broader set of global energy articles and issues. Over the last few years geothermal has risen to the top of a list that long included wind and solar. I wanted to share one of my resources, a weekly newsletter that aggregates many articles on geothermal across many continents and countries. Here is today's list which demonstrates that geothermal is increasingly seen as a means to get off fossil fuels in countries that prioritize secure energy sources and cleaner energy sources. I find it ironic that advances in O&G drilling is driving the ability of many countries to adopt geothermal for generating electricity into their grids. Some of the more shallow geothermal projects are focused on heating and cooling residences and businesses.
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Replies to This Discussion
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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on -
From evolving battery technology to small form factor nuclear to geothermal, the world is looking for cheaper, cleaner energy sources to replace fossil fuels. Only the U.S. is staking its future of fossil fuels. No one can accurately predict when the fossil fuel demand will decline but the options for replacements are making headway and drawing huge investment. The tipping point will come.
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landownerPermalink Reply by Dale Walton on -
China is continuing to build coal plants so they can power their “electric” cars. India is doing the same.
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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on -
But that is not their focus. Renewables are their preferred means of electrical generation. Both India and China have populations and electricity demands that require multiple sources. The following is for June of last year. The use of coal will continue to shrink and the percentage of other sources will grow. China started to replace coal years ago because of terrible air pollution and health problems. Both countries are the largest populations in the world and it will take some time to get completely off coal but the trend is inescapable. And their improved air quality has much to do with BEVs. Not to mention the price of gasoline and diesel which is speeding up the rejection of all fossil fuels.
China generated over 40% of its electricity from renewables in June
Solar 13% + wind 9.28% + hydro 16.1% + bioenergy 1.78% = 40.16%
Share of coal fell to a record low of 52.6%.
Solar is growing rapidly and hit 13% (113 TWh) in June. In June 2024 this was 9.8% (80.3 TWh).
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