Ottawa Mike
New member
"Over the past decade, a wave of drilling around the world has uncovered giant supplies of natural gas in shale rock. By some estimates, there’s 1,000 trillion cubic feet recoverable in North America alone—enough to supply the nation’s natural-gas needs for the next 45 years. Europe may have nearly 200 trillion cubic feet of its own."
That sounds like good news. What about renewable energy? "Since there’s no longer an urgent need to make them (renewable energy) competitive immediately through subsidies, since we can use natural gas now, we can pour that money into R&D—so renewables will be ready to compete without lots of help when shale supplies run low, decades from now."
That sounds like good news as well. We can stop subsidies for alternative energy and let R&D and the free market take over when they can make alternative energy affordable.
Does this now make the Peak Oil issue somewhat redundant?
http://naturalgasforeurope.com/how-shale-gas-is-going-to-rock-the-world.htm
That sounds like good news. What about renewable energy? "Since there’s no longer an urgent need to make them (renewable energy) competitive immediately through subsidies, since we can use natural gas now, we can pour that money into R&D—so renewables will be ready to compete without lots of help when shale supplies run low, decades from now."
That sounds like good news as well. We can stop subsidies for alternative energy and let R&D and the free market take over when they can make alternative energy affordable.
Does this now make the Peak Oil issue somewhat redundant?
http://naturalgasforeurope.com/how-shale-gas-is-going-to-rock-the-world.htm