Quotes About Energy

Prior to the 2011 Fukushima nuclear accident, nuclear power provided 30 percent of Japan's electricity. By 2020, not much more than 5 percent of the country's electricity came from nuclear. LNG, already significant for electric generation, filled much of the void—in 2020 responsible for almost 40 percent of its electricity generation.

The Groningen gas field in northern Holland, discovered in 1959, was the biggest domestic source of gas within Europe, and the foundation on which the original European gas system had been built. It still ranks among the top ten gas fields in the world. But its days are numbered. Owing to its particular geology, production over many years has led to subsidence, sinking of the topsoil, which has triggered tremors and earthquakes, causing cracks and damage in houses.

Energy transitions are not new. They have been going on for a long time and unfold over time. Previous energy transitions have primarily been driven by technology, economics, environmental considerations, and convenience and ease. The current one has politics, policy, and activism more mixed in.

Between 2006 and 2013, Chinese gas consumption had tripled. Yet despite the decade of negotiations, the "big deal" on gas was mainly stuck on one question—price. Moscow wanted prices commensurate with what it charged Europeans and indexed to oil (which was still high), while Beijing wanted lower prices in line with domestic energy prices and competitive with coal.

the $25 billion, 2,800-mile ESPO (Eastern Siberia–Pacific Ocean) oil pipeline. In 2005, just 5 percent of Russia's oil exports went to China. It rose to almost 30 percent, and Russia eclipsed Saudi Arabia as China's number one supplier.

achieving the objectives of the two-degree world. Pension funds and other investors are now pressing energy companies to explain how their strategies and profitability would fare under the terms of the 2015 Paris Agreement.

For four decades, U.S. energy policy was dominated—and its foreign policy hobbled—by the specter of shortage and vulnerability

Yet, while energy transition has become a pervasive theme all around the world, disagreement rages, both within countries and among them, on the nature of the transition: how it unfolds, how long it takes, and who pays. "Energy transition" certainly means something very different to a developing country such as India, where hundreds of millions of impoverished people do not have access to commercial energy, than to Germany or the Netherlands.

The focus in the pages of this book is on how the momentum of climate policies—powered by research and observation, by climate models, and by political mobilization and regulatory power, social activism, financial institutions, and deepening anxiety—will transform the energy system. "Net zero carbon" will be one of the great challenges of the decades ahead, not just politically but also in how people live their lives and in the costs of achieving it.

Between the end of the Great Recession, in June 2009, and 2019, net fixed investment in the oil and gas extraction sector represented more than two-thirds of total U.S. net industrial investment. In another measure, between 2009 and 2019, the increases in oil and gas have accounted for 40 percent of the cumulative growth in U.S. industrial production.

consequence of the global economic misery from the pandemic of 2020 could be greater prevalence of fragile and failed states, which would create new security challenges that, at some point, would reach beyond their borders. Yet governments would be hampered in responding to domestic and international needs, whether around security or health or energy and climate, by the huge debt and fiscal armor they have assumed in battling to preserve their economies.

Currently, oil use in the developed world averages 14 barrels per person per year. In the developing world, it is only 3 barrels per person. How will the world cope when billions of people go from 3 barrels to 6 barrels per person?

The complex systems that produce and deliver energy are among the most critical of all the "critical infrastructures," and that makes their digital controls tempting targets for cyberattacks.

Mitchell Energy was contracted to provide 10 percent of Chicago's natural gas. But the reserves of gas in the ground to support that contract were running down.

As in the 1960s, oil and energy were now available in abundance and, thus, they were not a constraint on economic growth. Supplies were safe again. Excess oil capacity around the world exceeded demand by 10 million barrels per day, equivalent to 20 percent of the free world's consumption.

Cars generate about 6 percent of energy-related CO2 emissions.

Shale gas was proving to be cheaper than conventional natural gas. In 2000 shale was just 1 percent of natural gas supply. By 2011 it was 25 percent, and within two decades it could reach 50 percent.

The lithium-ion battery was first invented in an Exxon laboratory in the mid-1970s, during a time when it was thought that the world would run out of oil and Exxon would need to find another way to stay in the mobility business.

North America's natural gas base, now estimated at 3,000 trillion cubic feet, could provide for current levels of consumption for over a hundred years—plus.

Together, shale oil and shale gas have proven to be the biggest energy innovations so far in the twenty-first century. Wind and solar are both innovations of the 1970s and 1980s, though they came into their own only over the last decade. The United States has surged ahead of Russia and Saudi Arabia to become the world's number one producer of both oil and gas, and is now one of the world's major exporters of both.

By the end of that drilling program, they had the proof. Devon's engineers had successfully yoked together the two technologies—slick water fracturing with horizontal drilling—to liberate natural gas imprisoned in the shale. "The rest was history," Nichols would later say.

The Marcellus shale would turn out to be the second-largest gas province in the world—and possibly the largest.

The year 2008 was the moment when the bell rang. That year, U.S. natural gas output went up instead of down, as had been the general expectation. That abruptly caught the attention of the majors, the big international companies.

It has strong environmental appeal, although in some places it is running on coal-generated electricity. This would make those EVs what some call "EEVs"—"emissions elsewhere vehicles.