Bernie Madoff
Banned
Thinking of buying some dec 27 twtr 52.50 puts.. 2.15 hmm
Boiler Room: The Official Stock Market Discussion
I'm on my news game, just posted about fossil fuels before this story hit the net.
December 12, 2013 4:00 am
Exxon forecasts natural gas to be world’s second most-used fuel
By Ed Crooks in New York
Natural gas will overtake coal as a global energy source in the middle of the next decade, in part because of the environmental benefits it offers, according to ExxonMobil, the world’s largest oil and gas company.
In its annual forecasts of the energy outlook for the next three decades, published on Thursday morning, Exxon says that around 2025 gas will become the world’s second most-used fuel on an energy-equivalent basis, behind oil.
By 2040, it expects natural gas consumption to rise 65 per cent, but coal use to be no higher than it is today, rising and then falling again during the next two decades.
The forecasts sketch out the battleground for a contest between gas and coal to be the dominant fuel for power generation.
Exxon is significantly more negative about the outlook for global coal use than other forecasters. The International Energy Agency, the think-tank backed by rich countries’ governments, expects coal use to continue to rise to 2035, and to stay ahead of natural gas throughout that period.
Bill Colton, Exxon’s vice-president for strategic planning, said there had been revolutions in both the supply of and demand for gas.
New reserves had been unlocked by technical advances enabling extraction from previously inaccessible rocks, and concern about pollution, including greenhouse gas emissions, was encouraging the use of cleaner alternatives to coal.
Mr Colton said that while nuclear power and renewable energy would also grow, both faced constraints, including public acceptance and the intermittency of wind and solar power. “That opens this huge opportunity for natural gas,” he said.
Exxon and other oil and gas companies have often resisted efforts to fight the threat of climate change, but now see an opportunity in displacing coal.
Gas releases only about half as much carbon dioxide as coal when used to generate the same amount of electricity, and also avoids the local pollution such as smog caused by burning coal.
The shale boom has also led to a surge in production and a slump in the price of gas in the US, making it increasingly competitive as a fuel for power generation even before most of the new regulations on coal plants proposed by the Environmental Protection Agency have taken effect.
Exxon forecasts that in 2030 gas will be the cheapest option for power plants in the US, even without government curbs on greenhouse gas emissions. For planning purposes, it assumes an effective carbon price of $60 per tonne that year, not necessarily as a direct tax or cost of pollution permits, but as a proxy for rules to limit emissions.
With the addition of that carbon price, the cost advantage for gas over coal looks overwhelming, it said.
As a result of the global shift from coal and into gas, Exxon expects that global greenhouse gas emissions will peak at about 2030 and then begin to decline.
However, the IEA has published scenarios suggesting that emissions profile would lead to a four degree centigrade increase in global average temperatures: an increase that the World Bank has said would have “potentially devastating” consequences.
December 12, 2013 4:00 am
Exxon forecasts natural gas to be world’s second most-used fuel
By Ed Crooks in New York
Natural gas will overtake coal as a global energy source in the middle of the next decade, in part because of the environmental benefits it offers, according to ExxonMobil, the world’s largest oil and gas company.
In its annual forecasts of the energy outlook for the next three decades, published on Thursday morning, Exxon says that around 2025 gas will become the world’s second most-used fuel on an energy-equivalent basis, behind oil.
By 2040, it expects natural gas consumption to rise 65 per cent, but coal use to be no higher than it is today, rising and then falling again during the next two decades.
The forecasts sketch out the battleground for a contest between gas and coal to be the dominant fuel for power generation.
Exxon is significantly more negative about the outlook for global coal use than other forecasters. The International Energy Agency, the think-tank backed by rich countries’ governments, expects coal use to continue to rise to 2035, and to stay ahead of natural gas throughout that period.
Bill Colton, Exxon’s vice-president for strategic planning, said there had been revolutions in both the supply of and demand for gas.
New reserves had been unlocked by technical advances enabling extraction from previously inaccessible rocks, and concern about pollution, including greenhouse gas emissions, was encouraging the use of cleaner alternatives to coal.
Mr Colton said that while nuclear power and renewable energy would also grow, both faced constraints, including public acceptance and the intermittency of wind and solar power. “That opens this huge opportunity for natural gas,” he said.
Exxon and other oil and gas companies have often resisted efforts to fight the threat of climate change, but now see an opportunity in displacing coal.
Gas releases only about half as much carbon dioxide as coal when used to generate the same amount of electricity, and also avoids the local pollution such as smog caused by burning coal.
The shale boom has also led to a surge in production and a slump in the price of gas in the US, making it increasingly competitive as a fuel for power generation even before most of the new regulations on coal plants proposed by the Environmental Protection Agency have taken effect.
Exxon forecasts that in 2030 gas will be the cheapest option for power plants in the US, even without government curbs on greenhouse gas emissions. For planning purposes, it assumes an effective carbon price of $60 per tonne that year, not necessarily as a direct tax or cost of pollution permits, but as a proxy for rules to limit emissions.
With the addition of that carbon price, the cost advantage for gas over coal looks overwhelming, it said.
As a result of the global shift from coal and into gas, Exxon expects that global greenhouse gas emissions will peak at about 2030 and then begin to decline.
However, the IEA has published scenarios suggesting that emissions profile would lead to a four degree centigrade increase in global average temperatures: an increase that the World Bank has said would have “potentially devastating” consequences.
Looking at CALI long term
I asked a bio guy about what I showed you yesterday and he said "its P1 seems positive moving forward their, could see upside movement. how in the world u get that pr?"
"the safety is significant to move forward, and the efficacy work but on small amount of ppl"
"no toxic for the company to cancel the trial"
same guy had SNTA on his watchlist , the very same SNTA that presented in San Antonio today and its up 50 cents in pre market right now... I hope MACK does the same
Bernie Madoff
Banned
Short twtr 52
http://t.co/gSm46UOL4o
http://t.co/gSm46UOL4o
MACK up 25 cents already today...should go even higher with announcement tomorrow
GoogleMe
$ ¥ € £ $
GoogleMe
$ ¥ € £ $
Re: MACK
MM-302 preparing for P2
MM-302 preparing for P2
Bernie Madoff
Banned
Yeah I got stopped out at 2.00
It got down to 50.38 I thought for sure it was going lower
It got down to 50.38 I thought for sure it was going lower
Bernie Madoff
Banned
Looks like all the momo stocks getting pumped for another round today
GoogleMe
$ ¥ € £ $
Look how they walked up TWTR. $46 cross was a screaming buy.
im so dumb. I wanted to buy it a while ago when it was around 1.90. ARGHHHHHHHHHHHHHHHH
After Im done with MACK tomorrow morning, im coming for LIQT