erhaps we will genuinely need Marcellus gas some day, and the only way to get it is hyrofracking. Peak gas arrives earlier than predicted, and the price skyrockets. The green transition not yet complete. That day may come, but it's not on the horizon.
The longer we wait, the more likely new, safer technologies for hard to recover gas will permit us to bypass it. Compressed air or some other benign alternative may one day replace the huge water consumption and toxic chemical use currently essential to fracking.
Waiting to develop the Marcellus shale with safer technology will also virtually guarantee increased royalties for landowners with leases, profits for gas companies, and tax revenues for governments. That's because it's a sure bet prices will rise sharply sooner than we're ready for. Avoiding fracking also saves water supplies, protects water quality, and hedges against the certainties of an uncertain future.
If hydrofracking is the only option for Marcellus gas, the wisest course is to wait, baby, wait.
(Click to read the entire article)
Blog Archive
-
?
2010
(341)
-
?
September
(26)
- New renewable electricity standard bill introduced...
- Senator RES Opposition 9-2010
- Gas activists sue over anti-terrorism bulletins
- Now, about that rate hike
- Schumer to meet utility executives
- Key developments for First Wind Energy LLC
- Maziarz, Schumer question National Grid
- Iberdrola says New York price hikes worth $175 mln
- Lawsuit: Gas drilling fluid ruined Pa. water wells
- National Grid's American headache worsens
- NYSEG rate hike approved
- EPA wraps up two days of smooth meetings on fracki...
- No hydrofracking for now
- 'No Fracking Way' serves as theme for anti-drillin...
- Marcellus Shale tax is front and center in Pa.
- EPA hearing to attract hundreds
- EPA meeting negotiations took acrimonious turn
- Public Service Commission close to decision on NYS...
- Pennsylvania driller wants more local water
- Change at National Grid
- Gas drilling group, county eye road use accord
- PSC to discuss, decide on RG&E, NYSEG rate hikes w...
- Moratorium on drilling could bolster companies' fo...
- Paying for What? Far tighter scrutiny is needed of...
- Your National Grid check helped pay $35,700 for em...
- Rate plan costs cut
-
?
September
(26)