Gas used in electricity generation rose to 703.5 billion cubic feet in March from 503.9 billion a year earlier, the department’s Energy Information Administration said today in its Electric Power Monthly. power plants increased natural gas use by 40 percent in March from a year earlier as low prices prompted a switch from coal, the Energy Department said today. Power Plant Gas Use Rose 40% in March, U.S. Economic confidence in the euro area fell to its lowest since 2009, a European Commission report today showed. American crude inventories rose 800,000 barrels to 383.3 million last week, according to the median estimate of eight analysts in a Bloomberg News survey before the Energy Department report tomorrow. In the U.S., prices are heading for the biggest monthly drop in more than three years. stockpiles climbed to the highest level since 1990 and after economic confidence in the euro area fell more than forecast.īrent futures dropped below $105 a barrel in London for the first time since Dec.
Now: Which story do you think is more true?īrent Crude Declines Below $105 First Time Since December Brent oil declined to its lowest in five months before a report that may show U.S. Their children will have even harder lives, and so on into the future, as wealth per capita declines for the next several hundred years. Your children will be much poorer than you, will have far fewer options about what they can eat and drink and do with their free time, and will have to do a lot more physical labor. In terms of the energy you consume, the variety of foods and beverages available to you, and the amount of physical labor you don’t have to do every day, you are vastly more wealthy than any generation before you. Here’s the second: Right now, you are living at the absolute historical peak of human wealth. And if they work hard, your children can have even more wealth than you did. If you work hard and take advantage of the inherent genius and innovativeness of that culture, you can become wealthy, secure, happy, and comfortable. The first is this: You were born into an exceptional culture of enormous wealth. Storytelling our energy future I want to tell you two stories.
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