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UGES generates electricity when the price is high by lowering sand into an underground mine and converting the potential energy of the sand into electricity via regenerative braking and then lifting the sand from the mine to an upper reservoir using electric motors to store energy when electricity is cheap. Dabek, P.B., Brandão, R.,
Oil and the Transport Sector: Reconfirming the End of Cheap Oil. from the Bakken shale) are developed, but increasing reliance on oil imports elsewhere heightens concerns about the cost of imports and supply security. Potential savings of natural gas alone, at 180 bcm, are close to Russia’s net exports in 2010.
Oh, and there’s a cost-of-living crisis. However, that’s mainly thanks to its super-cheap Tiggo 4 Pro SUV ($23,990 drive-away), not an electric car. Much of that growth has come from China selling cars to Russia over one million in 2024 when everyone else withdrew over its invasion of Ukraine.
Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. Russia might align with China. Oil-producing countries in the Middle East, Russia and Africa see political turmoil as government coffers empty. Geopolitical friction is low.
The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases.
The war between Russia and Ukraine is making a lot of high-tech military systems look like so many gold-plated irrelevancies. In early May, Russia attributed explosions at the Kremlin to drones sent by Ukraine for the purpose of assassinating Vladimir Putin, the Russian leader. Unlike the fighters, though, they got cheap again.
Russia might even become, miraculously and temporarily, less intransigent, and Europe might then welcome status quo ante. Economically punishing Russia is difficult to do, for a variety of reasons. Russia’s energy resources are enormous and Europe’s dependence on them is deep and pervasive.
While far from the commercial orbital laboratory many at NASA would like to paint it as, the joint NASA-Russia International Space Station (ISS) routinely hosts payloads from paying customers, some of which are focused on manufacturing (albeit at an absurdly low volume) materials that can only be made in microgravity (i.e.
The vision is fuelled by the fear of climate change and the need to find green alternatives to dirty coal, unpopular nuclear power and unreliable gas imports from Russia. At current transportation battery prices, that is well beyond the cost of spinning reserve.
Or in other words we are reliant on Putin to keep the light on and at his mercy on the cost of the gas. Right now, production is low in Russia, so the cost has increased. The unit cost of Gas in the UK is 4 times the price of US Gas. – Why, simple the US embraced Fracking to produce bountifully supplies of cheap gas.
Wind farms stand idle for days on end, a fire interrupts a vital cable from France, a combination of post-Covid economic recovery and Russia tightening supply means the gas price has shot through the roof – and so the market price of both home heating and electricity is rocketing. Climate Change. Gas is the only answer.
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