13 Sep '11, 4pm

Natural Gas: Boom or Bust via @greentechmedia

First, research is now suggesting that NG offers no advantage over coal in terms of global warming. Part of the problem is the ‘raw’ methane released into the environment during drilling/fracking and some from leaks. And the SO2 given off by coal burning is putting up a sunscreen, bouncing some potential heat back out, like happened during the period of Global Dimming following WWII. Then, as you mention at the end of your piece, strong suspicions are starting to form that the amount of NG available has been greatly overstated. Many wells seem to put out a lot of gas the first couple of years and based on that production we’ve projected lots of supply. But after a couple of years output from many wells starts dropping somewhat rapidly, unlike what is experienced with oil wells which tend to produce for many years. We may have already drilled in the most promising places an...

Full article: http://www.greentechmedia.com/articles/read/natural-gas-a...

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