Wind turbines: over-promise/under deliver. And naysayers said the Bakken was hyped. From "anon 1":
http://www.ref.org.uk/press-releases/281-wearnandntearnhitsnwindnfarmnoutputnandneconomicnlifetime
The Renewable Energy Foundation today published a new study, The Performance of Wind Farms in the United Kingdom and Denmark, showing that the economic life of onshore wind turbines is between 10 and 15 years, not the 20 to 25 years projected by the wind industry itself, and used for government projections."This is neither good nor trivial for countries like Germany and the UK (all I know about Denmark concerns King and Prince Hamlet) who invested heavily in wind. The London Array is particularly troublesome.
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RBN Energy: historical natural gas relationships to be obliterated. I think that is going in the oil industry, also.
It is coming our way like a freight train. North America pipeline flows are about to reverse. The Northeast will become a net supply region, flipping the flows on north-to-south and west-to-east pipelines to move the opposite direction resulting in what could be some of the biggest changes in the natural gas industry since Ronald Reagan was president and the gas market was decontrolled. And that means upheavals for prices, storage, basis differentials, and oh yes – what’s going to happen to all those pipelines? Crazy talk? We don’t think so.
The Marcellus (and Utica) Change Everything
We introduced the possibility of natural gas flow reversals six months ago in The Marcellus Changes Everything. The punch line was in Part IV of that series where we talked about surplus Northeast production and where it might be headed. Since those blogs, Marcellus production is up by an astronomical 20% (1.6 Bcf/d growth from June 2012 to December 2012), and the picture is becoming clearer.
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