For environmental reasons, there’s an ongoing push to “electrify everything,” from cars to port operations to heating. The idea is that a “deep electrification” will help lower greenhouse gas emissions and combat climate change. The reality, however, is that more electrification will surge the need for electricity, an obvious fact that seems to be getting forgotten. Ultimately, much higher electricity demand favors all sources of electricity, a “rising tide lifts all boats” sort of thing. But in particular, it favors gas because gas supplies almost 40% of U.S. electricity generation, up from 20% a decade ago. Gas is cheap, reliable, flexible, and backups intermittent wind and solar. More >>
