Our Best Hope This Winter May Be Global Warming!

by | Oct 11, 2021 |

Print Friendly, PDF & Email

Abundant, inexpensive natural gas and petroleum supplies that had become a reliable feature of a prosperous U.S. economy thanks to sideways drilling and hydraulic fracturing may soon fade to melancholy memories.

So you might wish to rethink the importance of natural gas this winter as sunbeams and windmills fall far short of keeping your home water pipes from freezing, and your Tesla recharged amid skyrocketing global energy costs.

Americans are already feeling the pain as electricity and utility gas prices were up 5.2% and 21.1%, respectively, over the last 12 months in August.

Higher energy costs are bleeding into inflation. Some analysts predict that gas prices could double this winter if U.S. production doesn’t increase, and global demand remains high.

Last February’s Texas freeze lifted natural gas demands, a hot June and July draught in the West reduced hydropower production, requiring that more gas than normal was needed to power air conditioners, and Hurricane Ida in August added to ongoing shortages by forcing nearly all of the Gulf of Mexico’s gas output offline.

COVID transportation and industry shutdowns reduced crude oil prices and production, which has in turn, cut down on the amount of gas produced as a byproduct.

Despite rising prices since spring, according to Baker Hughes Co., there were more than three times as many rigs drilling gas wells in 2014 when blizzards froze the Northeast, with prices hitting more than $5 per million British thermal units (MMBTU’s) than about 100 currently in operation.

Natural gas prices — now up to about double year-to-date — are racing higher on a combination of concerns over low supply and rising demand as winter approaches.

This is now the season drillers fill storage tanks and caverns to prepare for frigid temperatures when heating demands are greatest. However, the U.S. Energy Information Administration (EIA) estimates that the volume of natural gas in storage is currently 16.5% less than a year ago.

Seasonal stockpiling isn’t happening quickly enough, with natural gas inventories 7.1% below their five-year average and less margin for error.

This is occurring as the EIA also expects U.S. power plant coal inventories to fall to 61.3 million short tons at the end of the fourth quarter, less than half last year’s levels… the lowest figure since at least 1997.

As a result, analysts predict it might not have to get extraordinarily cold this winter for prices to reach heights unknown during the shale era, which transformed the U.S. from a gas importer to supplier to the world.

These escalating natural gas prices will have broad and substantial impacts across the U.S. economy, ranging from households to heavy industry. In addition to heating homes and generating electricity, gas is also used to make plastic, steel, and fertilizer.

There are no practical energy replacements.

According to the EIA, in 2019, the latest complete year of data, 81% of the world’s energy supply came from fossil fuels.

Even if all nations were to fulfill their current Paris Climate Accord promises — which none other than the U.S. are — the EIA estimates that fossil fuel use would still make up 73% by 2040.

So-called “renewables” produce mostly electricity, which accounts for only 19% of all energy the world consumes. Of that amount, wind and solar combined account for only about 3%.

Even if all electricity turned “green,” the world would still mostly depend upon fossil fuels.

Meanwhile, as winter approaches, America — recently a net natural gas exporter — must now compete for a global share of low hydrocarbon heating fuel inventories, including coal.

Europe’s anti-carbon policies have created a self-inflicted fossil fuel shortage as governments have heavily subsidized renewables like wind and solar and shut down coal plants to meet their commitments under the Paris Climate Accord.

As a consequence, demands for liquefied natural gas and coal are soaring in Europe as lackluster wind-power generation and shutdowns of nuclear, as well as coal plants, have left many of these countries scrambling to import more fossil fuels to power their grids.

China has been importing a lot more coal from the U.S. after banning the commodity’s import from Australia over a diplomatic spat. Yet, with coal and natural gas increasingly in short supply, fuel-powered generators in Asia are switching to burning oil, which is also pushing up crude prices.

Goldman Sachs projects that U.S. crude may hit $90 a barrel by year’s end, which could add 10 to 20 cents a gallon to gasoline prices at the pump.

And although OPEC and Russia are gradually ramping up supply, U.S. oil production remains 15% below pre-pandemic levels since about 20% of production in the Gulf of Mexico remains knocked out from Hurricane Ida. Even before the storm, U.S. oil and gas producers were curtailing investment amid a hostile political climate.

Count on the Biden administration and its radically liberal Democrat Party minions to take a bad situation and turn it far worse for America.

Inexplicably, after shutting down the Keystone XL pipeline and drilling in ANWR, Biden dropped Trump sanctions on Russia’s Nord Stream 2 pipeline under the Baltic to Germany.

Joe then unsuccessfully pleaded with OPEC to help lower politically painful pump and natural gas prices. These extra costs have major influences on nationwide transportation and food impacts that will fall most consequentially on low-income populations.

On top of this, as Interior Department permits issued for drilling on federal land declined to 171 in August from 671 in April, a proposed $3.5 trillion Democrat reconciliation bill will tax natural gas and oil, driving your heating and electricity bills even higher, potentially costing the U.S. economy $9 billion, plus as many as 90,000 lost jobs according to an analysis by the American Petroleum Institute.

All these policies to curtail American oil, gas, and coal production will empower adversaries, especially Russia, Iran, and China, the world’s three largest gas producers after the U.S.

Whereas Democrats won’t succeed in banishing fossil fuels, we can fully expect the U.S., like Europe, to face some very tough cold winter and hot summer seasons ahead, which again depend upon energy competitors and adversaries for help.

Avatar

Larry Bell is an endowed professor of space architecture at the University of Houston. He founded the Sasakawa International Center for Space Architecture (SICSA) and the space architecture graduate program. He is the author of several books, including "Reinventing Ourselves: How Technology is Rapidly and Radically Transforming Humanity" (2019), "Thinking Whole: Rejecting Half-Witted Left & Right Brain Limitations" (2018), "Reflections on Oceans and Puddles: One Hundred Reasons to be Enthusiastic, Grateful and Hopeful” (2017), "Cosmic Musings: Contemplating Life Beyond Self" (2016), and "Scared Witless: Prophets and Profits of Climate Doom" (2015). He is currently working on a new book with Buzz Aldrin, "Beyond Footprints and Flagpoles."

Use the code ‘OUTLOUD’ and save 15%
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Disclaimer: The information contained in this website is for educational, general information, and entertainment purposes only and is never intended to constitute medical or legal advice or to replace the personalized care of a primary care practitioner or legal expert.

While we endeavor to keep this information up to date and correct, the information provided by America Out Loud, its website(s), and any properties (including its radio shows and podcasts) makes no representations, or warranties of any kind, expressed, or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to its website(s) or the information, products, services or related graphics and images contained on the website(s) for any purpose.

The opinions expressed on the website(s), and the opinions expressed on the radio shows and podcasts, are the opinions of the show hosts and do not necessarily represent the opinions, beliefs, or policies of anyone or any entity we may endorse. Any reliance you place on such information is therefore strictly at your own risk.

At no time, nor in any event, will we be liable for any loss, or damage, including without limitation, indirect or consequential loss of data or profits arising out of, in an association of, or connection with the use of this website.

Through this website, users can link to other websites that may be listed. Those websites are not under the control of America Out Loud or its brands. We have no control over the nature, content, or availability of those sites. America Out Loud has no control over what the sites do with the information they collect. The inclusion of any links does not necessarily imply a recommendation, nor does it endorse the views expressed with or by them.

Every effort is made to keep the website up and running smoothly. However, America Out Loud takes no responsibility for, nor are we, and will not be liable for being temporarily unavailable due to technical difficulties beyond our control. America Out Loud does not sell, trade, nor market email addresses or other personal data.

American Democracy, The End of An Era

American Democracy, The End of An Era

Communism in America in 2022, at least in its early stage, is following the communist rule-book of social/political upheaval and violence. Communism is gaining control of the American government, the judicial system, and other institutions through leaps and bounds. Yet, it is achieving this through subterfuge. Let us not be deceived by…

The Elimination of Gun Owners is the Goal of Red Flag Laws

The Elimination of Gun Owners is the Goal of Red Flag Laws

Red Flag Laws are a calculated start of a slippery slope to control our young people, eliminate the 2nd amendment and disable Americans from the right to defend themselves. Every totalitarian society started by eliminating the right and/or opportunity for the populace to self-defend. So which is it? Well-intentioned ignorance? Or an insidious plot to change and control our American way of life?

Dr. Peter McCullough Testifies in Texas…”Pandemic Lessons Learned”

Dr. Peter McCullough Testifies in Texas…”Pandemic Lessons Learned”

Even a data-model expert from the University of Texas Southwestern Medical Center did not consider early treatment in models to predict hospitalization. This was a stunning revelation as modern estimates have early treatment resulting in a 95% reduction in the risk of hospitalization and death. This means any COVID-19 data model is useless unless it considers…

Biden Must Stop Sharing Our Nation’s Intelligence with the World

Biden Must Stop Sharing Our Nation’s Intelligence with the World

Damaging articles on U.S. information-sharing with Ukraine told Russia what we were sharing with Kyiv. While clearly, the administration did not want to escalate the war, sharing information that we planned to contribute over a dozen Polish fighter planes was extremely helpful to Russian strategists. It is a real mystery how this administration could have been so wrong on…

The American Communist Party Must Be Defeated

The American Communist Party Must Be Defeated

Once the world’s preeminent fighting force, our Armed Forces are now seemingly more concerned with teaching members to use the correct pronouns and promoting ‘letters of the alphabet’ to command positions than in protecting America and winning wars. Now we find ourselves under attack from outside our country, as well as from within…

Wind Energy or Blowing Smoke Up Our Arses!

Wind Energy or Blowing Smoke Up Our Arses!

Among the most significant weaknesses of the horizon blotting Chinese windmills from hell are those 120 to 200-foot-long blades and what to do with them when they wear out, break, get dented, or get a bullet hole in them? Every time a blade chops up an eagle or other large bird (what’s the avian death count now, 500,000 birds annually) gets even slightly dented, it needs to…

Recognize the Real Red Flags on the Rights of all Americans

Recognize the Real Red Flags on the Rights of all Americans

Many well-intentioned psychologists and medical doctors suggest that mental illness is a serious problem that can lead to violent acts, particularly depression. Dr. Joseph Mercola, a popular osteopathic physician calls antidepressants the elephant in the room. He rightly states that antidepressants can cause suicidal and homicidal thoughts, agitation, impulsivity, and a…

The Marxist Revolution in California Threatens Its Very Existence

The Marxist Revolution in California Threatens Its Very Existence

The state is tumbling over three critical issues. First, the human-caused climate change fraud promotes the end of life as we know it if we continue to burn fossil fuels and emit life-giving carbon dioxide, the only reason mankind can inhabit Earth. Second, the Critical Race Theory that is turning citizen against citizen as either oppressed or oppressors, and third is the covid China virus that has disrupted all normal life and…

The Warning Signs Make Monkeypox the New SARS-CoV-2

The Warning Signs Make Monkeypox the New SARS-CoV-2

In November 2021, a report was issued by the Nuclear Threat Initiative, which, along with the Munich Security Conference, held a tabletop exercise to consider responses to a fictional monkeypox outbreak that was posited to occur in May 2022. Stretching credulity, fiction has now been replaced by fact as the world experiences a genuine explosion of the monkeypox disease starting on the exact assigned date. Could this exact prediction be one more big coincidence?

Overturning Roe v. Wade Does Not End Abortion; It Returns the Authority to the States

Overturning Roe v. Wade Does Not End Abortion; It Returns the Authority to the States

What can the American people conclude, both from the reactions to the leak of the draft and the anticipated reactions to this opinion? First, we should recognize that there are people in our country for whom the ends justify the means. Some will use lies, intimidation, and violence to get their way. This should be obvious from the hysterical disinformation…

The Buck Stops With Putin, Big Oil, White Supremacists, Trump & Teachers Unions

The Buck Stops With Putin, Big Oil, White Supremacists, Trump & Teachers Unions

Immediately upon taking office, Biden revoked a permit essential for the Keystone XL pipeline to deliver oil from Canada, launched an effort to overturn an oil drilling program in the Arctic National Wildlife Refuge (ANWR) in Alaska, and empowered the Department of Interior regulatory efforts to delay drilling permits. Fast forward now to June of this year, and Biden is blaming Big Oil…

Realpolitik: Biden & Muhammad bin Salman

Realpolitik: Biden & Muhammad bin Salman

MBS is telling Biden that when he comes groveling to Saudi Arabia, this ‘pariah’ state is the foremost economic and political power in the Gulf that cannot be either threatened, intimidated, or insulted by the USA. That Biden is dealing with an extremely vital state to America’s interests. To assist Biden’s survival, MBS will most definitely demand that there will be Quid pro Quo such as…

America Out Loud 6 years

Celebrating 6 incredible years fighting to restore liberty and justice to our beloved America.

Your Source for Free Speech, Talk Radio, Podcasts, and News.

 

Here we take on the challenges of our generation so that we can preserve future generations. Please consider making a contribution in the fight for liberty!

iHeartRadio

The APPS are free; the mission is priceless!

Free APP
Healthycell

Podcast Networks

Apple Podcasts
Google Podcasts
Spotify
Pandora
Tunein
iHeart
Stitcher

Subscribe and Listen on Your Favorite APP

Our Columnists and Show Hosts

Truth For Health

Apple Podcasts

COVID Solution Summit

Apple Podcasts

Evacuating Americans & fully-vetted Afghan's at Risk - Help Us!

Apple Podcasts

Empowering and mentoring conservative trailblazers from Generation Z to win!

Apple Podcasts

Turning Point Action is Recruiting Precinct Chairs - Become a Grassroots Warrior Today!

Apple Podcasts

URGENT - KEEP NINE
Please join us to protect the Supreme Court:
Sign the Petition!

Apple Podcasts

The LATINO USA EXIT from the Democrat Party, click for details...

Apple Podcasts

Fighting corporate censorship and ensuring voter integrity...

Apple Podcasts

Support wounded and fallen police officers. The Wounded Blue.

Wounded Blue
Share via
Copy link