Moreover, in a world where fossil fuel resources are shrinking every year, and where the extraction of «residual» sources such as deepwater oil, tar sands and
shale gas come with great environmental and safety risks, bioenergy production can also contribute to national energy security.
«Once the hedges roll off, it's all over», said one person very close to the original investors, «the single thing we got wrong was gas prices, no one saw
shale gas coming».
Not exact matches
Most of it will
come from mines in Wyoming and Montana that find themselves without domestic customers since the
shale gas revolution, combined with emissions control regulation, drove utilities in the U.S. to shut down coal - fired plants and fire up cleaner - burning natural
gas plants.
Until, that is, the subject of environmental concerns and the media coverage of the
shale gas boom
comes up.
The movement to develop Western Canadian
shale gas and export it across the Pacific has suffered a setback, but its time will
come.
And second, competition will also be
coming from China's own
shale reserves, not to mention coal, which is the prime power - generating source
gas producers aim to displace.
The extraordinary cost reductions achieved by North American oil and
gas companies have likely reached their limit, and any boost in profitability for much of the U.S.
shale and Canadian oil sands industries will have to
come from higher oil prices, according to a new report from Moody's Investors Service.
Calpine's deal
comes at a time when the U.S. wholesale power generation industry is struggling with margin pressure as cheap natural
gas from
shale fields in recent years has been driving down electricity prices.
The company last year said it would exit its underperforming U.S.
shale oil and
gas business after
coming under pressure from Sydney - based Tribeca Investment Partners to sell the assets.
The New York State Department of Environmental Conservation has
come under increased scrutiny as questions have arisen over the agency's ability to oversee Hyrdraulic Fracturing, should the process of extracting natural
gas from
shale be legalized in the state.
Campaigners against fracking have been told they are ignoring the benefits that could
come from the controversial technique of releasing
shale gas.
«Our experience with
shale gas shows us that the payoffs on these public investments don't always
come right away,» he added.
«Because they allow us to distinguish if contaminants are
coming from natural sources, fracking and
shale gas development, coal mining, coal ash disposal, or other causes.»
Much of it
comes from
shale, deep petrified mud rich in organic matter that time, heat and pressure have turned into oil and
gas.
Levels of contamination were just as high in wastewater
coming from conventional oil and
gas wells as from hydraulically fractured
shale gas wells.
Similar rules covering
shale gas will
come a year later, after the agency gathers more data on discharges.
As some of the incentives for fracking
come from the lower carbon emissions produced by
gas - fired power stations, a key question is whether the extraction of
shale gas has an additional impact on greenhouse
gas (GHG) emissions.
The study
came under heavy criticism from Cornell researcher Robert Howarth, who two years prior had published work that claimed methane emissions from
shale gas operations were far more significant.
The results
come as a natural -
gas boom hits the United States, driven by a technology known as hydraulic fracturing, or «fracking», that can crack open hard
shale formations and release the natural
gas trapped inside.
May 7, 2012 • Cash - strapped states are embracing the millions of dollars in new tax revenue
coming from
shale oil and
gas development.
Reject Greenhouse
Gas emissions reductions schemes that come from high - risk technologies which create irreversible damage to human and planetary health including tar sands, shale gas, nuclear energy, and geo - engineeri
Gas emissions reductions schemes that
come from high - risk technologies which create irreversible damage to human and planetary health including tar sands,
shale gas, nuclear energy, and geo - engineeri
gas, nuclear energy, and geo - engineering;
The government is hoping that
shale gas will be the cavalry
coming over the hill to fend off these rising prices much as it has in the US.
However, in their recent publication in Climatic Change Letters, Howarth et al. (2011) report that their life - cycle evaluation of
shale gas drilling suggests that
shale gas has a larger GHG footprint than coal and that this larger footprint «undercuts the logic of its use as a bridging fuel over the
coming decades».
The news
comes a week after DEC Commissioner Joseph Martens announced that the agency will turn part of the review over to the Department of Health Commissioner Nirav Shah to address persistent questions about how
shale gas development and high volume hydraulic fracturing will affect public health in communities where it is allowed.
So I
came up with the idea of a sustained series of short documentaries that would allow me to listen to people's stories without taking a side, allow people to share their views on and experiences with
shale gas drilling, and that would allow people to hear other perspectives.
The advantage of natural
gas applies whether it
comes from a
shale gas well or a conventional
gas well.
However, the competitive environment, government policy and available infrastructure mean that North America will dominate the production of
shale gas and tight oil for some time to
come....
You probably already read about California being added to the list of states facing the economic opportunities and environmental issues that
come with abundant
shale oil or
gas (oil in California's case, because of the Monterey
Shale).
Since most of the
shale gas in the foreseeable decade is
coming from Sichuan, expect that a majority of these demo projects happen (or don't happen) there.
Between January and May, U.S. carbon emissions fell to a 20 - year low; 48 percent of that resulted from substituting coal for cheap
shale natural
gas, while little, if any,
came from deploying subsidized wind and solar, according to Michael Levi, the director of the climate change program at the Council on Foreign Relations.
The costs of many offshore oil and
gas projects have
come down sharply in recent years, as companies try to ensure their viability in a
shale - inspired lower price environment.
But the biggest factor making any shift possible is the abundance and affordability of natural
gas coming from the country's
shale fields.
All this development is
coming to an economically depressed region that lies atop the Marcellus
shale, a rock formation that produces more natural
gas than Saudi Arabia.
This will likely lead to her
coming head to head with climate denier Lord Nigel Lawson, an avid supporter of
shale gas exploration.
What crushed green energy was the boom in
shale oil and
gas along with the steep decline in the price of fossil fuel that few saw
coming just a few years ago.
As politicians at all levels (including the president) will be deciding whether to embrace the controversial method of
shale gas drilling in
coming months, we asked two experts with divergent views to discuss the issue with us — and you.
Squeezed out by an abundance of cheap
shale gas and ever tightening pollution laws, it may be a harbinger of things to
come for other fossil fuel markets globally.
It has all the hallmarks of a new industry with ups and downs, but it is clearly here to stay — even with cheap natural
gas coming from hydraulic fracturing (fracking) in
shale formations.
The warning
comes as the European Commission publishes a framework to guide member states on how to regulate
shale gas which fails to provide mandatory protection for Europe's citizens against the environmental and health risks of fracking.
Some of the difference between the oil company scenarios and those from green NGO's and academics is due to fossil fuel lobby assumptions about demand and the role of
gas (including
shale gas), with CCS also seen as
coming on line in a big way.
Two big blows to the natural
gas industry have
come in less than 24 hours, with both the province of Quebec and New York state effectively banning
shale gas extraction over concerns with the process of hydraulic fracturing (a.k.a. «fracking»).
Investigators were able to do a kind of «fingerprinting» to determine the source, and concluded the
gas did not
come from the Marcellus
shale.
The American
Gas Association (AGA), flush with cash from increased consumption of shale gas extracted through fracking, and all the political power that comes with it, makes no bones about wanting the repeal of Section 433 of the 2007 Energy Independence and Security Act (EIS
Gas Association (AGA), flush with cash from increased consumption of
shale gas extracted through fracking, and all the political power that comes with it, makes no bones about wanting the repeal of Section 433 of the 2007 Energy Independence and Security Act (EIS
gas extracted through fracking, and all the political power that
comes with it, makes no bones about wanting the repeal of Section 433 of the 2007 Energy Independence and Security Act (EISA).
Consider the Source (or, How to Swashbuckle Like a Pirate) The American
Gas Association (AGA), flush with cash from increased consumption of shale gas extracted through fracking, and all the political power that comes with it, makes no bones about wanting the repeal of Section 433 of the 2007 Energy Independence and Security Act (EIS
Gas Association (AGA), flush with cash from increased consumption of
shale gas extracted through fracking, and all the political power that comes with it, makes no bones about wanting the repeal of Section 433 of the 2007 Energy Independence and Security Act (EIS
gas extracted through fracking, and all the political power that
comes with it, makes no bones about wanting the repeal of Section 433 of the 2007 Energy Independence and Security Act (EISA).
(In its 2005 energy bill, Congress included an exemption from SDWA oversight for the water put into the ground for hydraulic fracturing — a provision that has
come to be known as the «Halliburton loophole» after the oil and
gas industry service company that is active in the
shale industry.)
Natural
gas prices will likely rise, making the costs of production higher and, according to the recent PWC report,
shale oil may depress world crude prices over the years to
come.
When it
comes to
shale gas, the NY DEC is an environmental agency in name only http://www.scribd.com/doc/100132075/New-York-s-Nonexistent-Environmental-Agency Not much hard science necessary for that Some industry brochures sufficed for the dSGEIS
On the heels of the
shale gas rush that's swept the U.S. for the past decade, another wave of fossil fuel - based projects is
coming — a plastic and petrochemical manufacturing rush that environmentalists warn could make smog worse in communities already breathing air pollution from fracking, sicken workers, and expand the plastic trash gyres in the world's oceans.
«The US
shale gas revolution, and the push to renewable energy, are also expected to dampen demand for coal in the decades to
come.
With some encouragement for conventional North Sea
gas producers and with
shale gas development
coming on almost everywhere,
gas will remain cheap and plentiful for years.