Thats 4880kWh/year per BEV (incl 10% charging loss)
Lets look at the energy mix
(1/5)
21,8% of US electricity is generated from coal
Thats 1063kWh per BEV per year additional demand from coal
Coal plants need 1191 pounds of coal per BEV per year to generate that (0,6tons)
But how many BEV will there be?
(2/5)
Mr Biden wants to have >50% BEV of all cars sold by 2030
Lately 15m cars were sold per year in the US
So the target is 7,5m additional BEV per year by 2030
That would add 4,5m tons of coal demand per year at current share in the mix
(3/5)
Avg lifeycle of a car is >12 years
We can expect that the additional load on the grid of these BEV will add up until 2030 esp since there are currently very few EV on the roads
If we assume linear growth from lately 600k to 7,5m/y we may assume to add 27,6m BEV until 2030
(4/5)
These 27,6m BEV would need 16,6m tons of coal a year to get charged
Can renewables be ramped up fast enough to not only serve the rising demand but also decrease the share of coal?
I didnt even look at hybrid cars or electric house heating...
Or might coal stay for longer?
END
See previous tweets
BEV demand for coal
$BTU #CoalTwitter
Seems like $arch doesnt want to be around when this comes to fruition
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The company has completed the pilot hole, which was stopped in accordance with the Alaska Oil and Gas Conservation Commission to avoid penetrating the high pressure HRZ, which could cause failure of the operation
The company has now added ~300ft to the already known 450ft of oil bearing rock.
Initial estimate for the 450ft was 90-135 mbbl recoverable (76mbbl LKA estimate)
The addition of another 300ft implies 66% upside here
Lets look at the company estimates for the previous volume 2/3
Lets assume a long term oil px of >70$ which is convervative the NPV10 of the new volume would be 1,33b$, up by 500m$
The company has a MCap of < 1b$ right now
And this is one of the smaller projects
There is a lot of positive news in the RNS which need to be adressed later
END
Nice find by @penny_student
I always had that little concern that the oil fields discovered by $PANR could be just too big for a pot. purchaser
Could they pay an appropriate price for it?
There's uncertainty if they could exhaust the billions of bbls of oil due to ESG
🧵1/7
The world is desperate for nat gas. It will be needed for decades to compensate the volatility of renewable energy.
So blackrock wants to aggressively invest in Alaskan nat gas & infrastructure to export it on the global market 2/7
So Mr Dunleavy and Mr. Sullivan are lobbying in Japan to supply them with nat gas and blue / green hydrogen.
Together with the blackrock statements this all bodes well for the alaskan gas pipeline project which has been on ice for a while now.
So how does this benefit $PANR ? 3/7
Today I did look a little closer on the ominous "Other US Thermal" segment at $BTU
So what is it?
There are six mines within this segment
4 of these mines are within the Illinois basin, see pic
Then there is the El segundo in New Mexico and the Twentymile in Colorado
🧵1/5
The mines in the Illinois basin produced 67% of the 17,1Mt of the other US segment in 2021
They generate 21% of their revenue in the other US thermal and 18% of their EBITDA
The interesting question is, how much upside is there and when might we expect to see more earnings ? 2/5
I plotted the avg realized revenue per ton of the other US from the last 8 earnings vs the spot price of illinois basin coal
I know thats not 100% accurate as other US is a mix
Delta of 50$/t to spot end Q1
The realized revs are rising (+27% yoy) but have a long way to go 3/5
The graph shows the share of NSW coal on total exports
The map shows the location of the different coal mines and deposits in Australia.
I have added the position of Newcastle export terminal and the $btu mines
~40% of coal exports are from NSW
Link: ga.gov.au/digital-public…
(2/6)
Here is also the notion from the $btu earnings report that they export via Newcastle. Waratah is an additional terminal in Newcastle
So all coal mined for export in Wilpinjong and Wambo thermal mines will be shipped from Newcastle
This morning the AUS Bureau of statistics released a surprisingly large trade surplus.
Exports of coke and coal rose by 2b AUD from Mar to April and another 2b April to May