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08 Jul '12, 1pm

Natural gas sets record by matching coal's output | Peak Oil News

Natural gas sets record by matching coal's output | Peak Oil News

Natural gas sets record by matching coal’s output King Coal is meeting its match: natural gas. Power plants fired by natural gas have set a new record by producing as much electricity in the United States as those run by coal, long the nation’s dominant power producer. Preliminary data for April show that natural gas plants generated the same share of U.S. electricity as coal ones — 32% — for the first time since the U.S. Energy Information Administration began keeping records decades ago. EIA is the statistical arm of the Department of Energy. “Natural gas prices as delivered to power plants were at a ten-year low” in April, the EIA said this week in disclosing the data , which it said may change. Another factor, as the agency reported last month, is coal’s continuing decline in output — 19% between the first quarter of 2011 and the first quarter of 2012. CAPTION By Energ...

Full article: http://peakoil.com/production/natural-gas-sets-record-by-...

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