30 May '12, 3pm

Natural gas boom may halt renewable energy growth, @IEA warns #energy #naturalgas

30 May 2012: Natural Gas Boom May Halt Renewable Energy Growth, IEA Warns A surge in natural gas supplies worldwide could halt any meaningful growth in the renewable energy sector over the next two decades if governments don’t take action, the International Energy Agency High-Risk Energy Boom Sweeps Across North America Energy companies are rushing to develop unconventional sources of oil and gas. So far, Keith Schneider writes, the government has shown little concern for the environmental consequences. READ THE e360 REPORT (IEA) warns. New technologies to extract natural gas, primarily from shale formations using a technique known as hydraulic fracturing, could triple production of unconventional gas globally between 2010 to 2035, to about 1.6 trillion cubic meters, according to a new IEA report . These new sources of supply will, in turn, help keep prices relatively low,...

Full article: http://e360.yale.edu/digest/natural_gas_boom_may_halt_ren...

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