Electricity Sales to End Users Dropped Below 2008 Level: What it Says about the Pandemic Economy, Households, Commercial & Industrial Activity, and Public Transportation by Wolf Richter • Mar 8, 2021 • 53 Comments In 2020, by source, coal collapsed to record low, natural gas dominated, wind and solar surged, while hydro and nuclear remained roughly flat.
It Starts: The Cascading Financial Repercussions of the Texas Electricity Crisis by Wolf Richter • Feb 22, 2021 • 140 Comments Now hoping for “corrective action” and “credit intervention” by the State of Texas.
Who’s to Blame for the Texas Power Crisis? by Leonard Hyman and Willian Tilles • Feb 18, 2021 • 334 Comments What ERCOT planners got colossally wrong was the availability of their fossil fleet: Gas and coal plants failed. Even a nuclear reactor tripped offline.
Demand for Gasoline, Jet Fuel, and Diesel: Checking on the Recovery by Wolf Richter • Feb 11, 2021 • 139 Comments Watching for the EV drag on gasoline demand requires a lot of patience.
Electricity Has Been in a Slump for 14 Years, But All Heck Has Broken Loose in How it’s Generated by Wolf Richter • Jan 12, 2021 • 237 Comments Electricity generating capacity additions & retirements in 2021 and the long-term change in the power mix.
Update on the WTF Collapse of Gasoline & Jet Fuel Consumption: The Holiday Period by Wolf Richter • Jan 8, 2021 • 120 Comments Long-term structural issues have long dogged these fuels. Then came the Pandemic.
What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness by Wolf Richter • Nov 1, 2020 • 208 Comments Transportation fuel demand rose to where it had been in … 1997.
My Random Walk Down Junk-Bond Minefield: How I Lost 77% after Buying DNR’s Unsecured Bonds at Rock-Bottom 8 Cents on the Dollar by David in Texas • Oct 28, 2020 • 86 Comments Here’s how I got walked through Denbury’s bankruptcy proceedings.
The Great American Oil & Gas Massacre: Bankruptcies Hit New Milestone as Bigger Companies Let Go by Wolf Richter • Oct 14, 2020 • 124 Comments The American Oil Boom Was Where Money Went to Die.
Shell’s Colossal Miscalculation in 2011 of Today’s LNG Price: Largest-Ever $12-$17-Billion “Floating Facility” Shut Down, Months After Shipping First LNG. Done in by Long Price Collapse by Wolf Richter • Aug 21, 2020 • 57 Comments Designed to profit from sky-high LNG Prices in Japan. Sunk by surging US LNG Exports, multi-year collapse in LNG prices, global LNG glut.
