Note that "gas" in this context means natural gas, not gasoline
As noted in the methodology below, they are measuring the gas-implied level as the marginal running costs of a combined-cycle gas turbine plant: the price of the natural gas necessary to generate a given amount of electricity, plus the cost of the necessary carbon credits to burn that natural gas. Then they compare that to the actual electricity price
> Note that "gas" in this context means natural gas, not gasoline
What's up with Americans consistently calling things "wrong" like this? "Gas" isn't even the right state of matter for the subject, nor is "football" actually a sport where the ball is mostly for the foot, almost like things are intentionally named bad.
"Gas" is short for "gasoline" which means "gas oil". That is a perfectly cromulent name for a liquid.
"Football" is a different game in the US because it arrived there from England in the 19th century when carrying the ball was allowed. In England the sport eventually split into distinct sports: association football (aka soccer) and rugby. In America they evolved the game independently but didn't change the name.
Because changing a name that's been in use for decades is very confusing and unnecessary. A rose by another name etc.
The full names of the two rugby codes are "rugby union football" and "rugby league football". So Americans aren't alone in their cavalier use of the word "football".
It is the British that changed things. They also used to call it soccer and then changed in the 1980s. Canada and Australia still use soccer, probably cause they have native footballs.
What's up with the British calling refined gasoline "petrol"? It's not even an abbreviation for the word, it's a totally different material? You don't go calling refined aluminium "bauxite", but you do call gasoline "petrol".
We're both wrong. It's a liquid at room temperature, and it's called not petroleum.
Seems cromulent to me. One of the common meanings of essence is "a product of distillation" (compare e.g. essential oils - oils won through steam distillation). And gasoline is won through fancy distillation
You know, the first five times I read your comment it didn't make sense. This time I got curious enough to investigate what the hell you're talking about...
Apparently in some countries there is something called "Danish Pastry" or "Danish" for short, I had no idea! Funnily enough, where I grew up, those are called "Wienerbröd" (and in Danish it's "wienerbrød", the same basically) which quite literally translates to "Viennese bread".
So no, I didn't know "Danishes" were Austrian, but I did have the suspicion that Viennese bread was indeed Austrian :)
As noted in the methodology below, they are measuring the gas-implied level as the marginal running costs of a combined-cycle gas turbine plant: the price of the natural gas necessary to generate a given amount of electricity, plus the cost of the necessary carbon credits to burn that natural gas. Then they compare that to the actual electricity price