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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100% working interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities and infrastructure. Its Pouce Coupe Gas Plant, which is licensed to process up to 340 million cubic feet per day (MMcf/d) of natural gas, is located in the heart of the Corporation's Montney/Doig Resource Play.


TSX:BIR - Post by User

Post by PlutusofCreteon Jul 01, 2021 10:34pm
360 Views
Post# 33480659

As U.S. Temperatures Spike, So Does The Need For Natural Gas

As U.S. Temperatures Spike, So Does The Need For Natural Gas

First the overwhelming numbers: natural gas accounts for 45% of our power generation capacity, 40% of actual power generation, and 33% of energy supply.

In future, however, the lean on natural gas could be much higher than some want you to think, especially since gas is expected to remain relatively low-cost.

The reality is that coal and nuclear plants are being retired (the former in droves over the past 12 years), so we have been increasingly going down the “only gas, only renewables” path for America’s electricity.
 

The problem is that wind and solar are naturally intermittent, unavailable most of the time and usually backed up by gas generation itself.

Not to mention that these renewables are “location-specific,” where their prospects to deliver are contingent on geography (i.e., windy Texas dominates U.S. wind power and sunny California dominates U.S. solar power).

This is making gas even more vital in providing the reliable electricity that we require in our goal for more “electrification” to fight climate change – more power utilized in transport, buildings, industry, etc.

https://www.forbes.com/sites/judeclemente/2021/07/01/as-us-temperatures-spike-so-does-the-need-for-natural-gas/?sh=7169f4fa2b6b

 

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