12 May '11, 5pm

Will Natural Gas Fuel America in the 21st Century?

Will Natural Gas Fuel America in the 21st Century?

It is understandable that the shale gas industry would fudge supply and price forecasts in the interest of drumming up investment capital. However, the EIA is supposed to be an impartial purveyor of data and analysis. Yet that organization has historically been overly optimistic with regard to fossil fuel supplies and prices. During the past decade several non-profit energy groups, including Post Carbon Institute, warned that depletion of giant oilfields and declining oil discoveries would lead to a situation of higher petroleum prices and tight supplies beginning before 2010. Indeed, a leveling off of world crude oil production and a simultaneous steep rise in oil prices during the past few years have arguably marked the most significant shift in the history of the petroleum industry—a shift whose consequences continue to ripple throughout the entire global economy. Yet E...

Full article: http://www.postcarbon.org/article/330223-will-natural-gas...

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Will Natural Gas Fuel America in the 21st Century?

Will Natural Gas Fuel America in the 21st Century?

postcarbon.org 12 May '11, 4pm

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Must-see ProPublica video on natural gas fracking

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