Last week we featured a video with Ethan Hawke and other pretty people pushing the anti-fracking narrative.
Greens are terrified that shale gas will prove so popular it will end their inefficient pipe-dream renewables programs. See what this gas industry analysis says, and you can see why Big Green is so desperate to find something, anything it can use to make shale gas a demon:
“You have one energy that represents today more than 20 percent of the energy mix, and solar today is close to zero and will represent maybe 1 or 1.5 percent in 20 years from now,” said Jean-Jacques Mosconi, Total head of strategy. The trouble is that a new “golden age of gas,” as the International Energy Agency dubbed it, has created massive over-capacity in a key rival fuel for power generation.
“The economic viability of a lot of the renewables are getting killed because we have too much gas in the world right now,” said Jeff Currie, global head of commodities research at Goldman Sachs. “It’s made a lot of these other projects like solar and wind struggle in terms of their economic viability, and coal too.”
Gas power plants can be built at a fraction of the cost of nuclear, and the reserves found so far are eye-poppingly huge. The US alone is estimated to have 862 trillion cubic feet of the stuff. Turn up the thermostat and call me Lucy, that’s a lot of gas.
Another benefit of shale gas is that it doesn’t require toxic materials like solar panels, and it doesn’t shred birds or drive people nuts from noise. With modern scrubbing technology, it’s a pretty clean burning fossil fuel option. In fact, it’s such a good fuel that greens used to like the idea of shale gas:
Given its greenhouse gas benefits, environmental activists initially welcomed shale gas. For example, in August 2009 prominent liberals Timothy Wirth and John Podesta, writing on behalf of the Energy Future Coalition, hailed shale gas as “a bridge fuel to a 21st-century energy economy that relies on efficiency, renewable sources, and low-carbon fossil fuels such as natural gas.” The same year, environmentalist Robert Kennedy, Jr., head of the Waterkeeper Alliance, declared in the Financial Times, “In the short term, natural gas is an obvious bridge fuel to the ‘new’ energy economy.”
That sound you hear is hippie teeth grinding. If they’d thought it through (heh), they would have seen that it represented a threat to their favorite energy placebos and never supported it. But they did, and the internet never forgets.
So far, the ‘best’ weapon hippies have against shale gas is the misinformation that fracking somehow affects water. It’s a straight-up fabrication that even EPA director Lisa Jackson can’t support.
Shale gas will inevitably end the current fad of subsidizing inefficient renewables for the simple reason that businesses and consumers will punish any politician that keeps raising energy prices when an affordable alternative exists. Transformation to shale gas will happen, but it will happen against a background of howling screams from the green left who want anything but affordable, abundant energy.
Who wants popcorn?