26 Jun '11, 12pm

Why We Need to Calm the Natural Gas Frenzy

Why We Need to Calm the Natural Gas Frenzy

Right now, natural gas is the new big thing when it comes to solving our nation's energy challenges. With gasoline hitting $4 a gallon and coal- and nuclear-based power reeling from environmental and safety concerns, many see cheap, plentiful supplies of homegrown natural gas as the latest answer to our energy dreams, especially as hydraulic fracturing technology opens up vast new reserves. And most of it is being used to replace increasingly unattractive coal-based power's higher price tag and bigger carbon footprint. Natural gas wells are popping up like spring dandelions. Once-empty landscapes in Colorado, Texas, Pennsylvania and Wyoming are now dotted with thousands of wells. But it's time to calm the frenzy. We need a more balanced look at what's to be gained -- and lost -- if we embrace natural gas too heartily. Despite its many positives, natural gas is no panacea f...

Full article: http://www.greenbiz.com/blog/2011/06/26/why-we-need-calm-...

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