Last month we reported that the EIAhad listed in its 10 takeaways in the mostrecent World Energy Outlook the fact thatthe power sector now attracts moreinvestment than oil and gas. We’ve longbeen advocates of the replacement of coalfired capacity with gas fired capacity. For awhile, the model seemed to be that asrenewable facilities were being constructedthere was a small gas-fired combined cycleplant also constructed to provide powerwhen the sun wasn’t shining or the windwasn’t blowing. The threat to gasconsumption – and pressure tubeconsumption – was that more efficientstorage would be developed that wouldeliminate the need for the gas facility.
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