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The Shale Boom Won't Stop Climate Change; It Could Make It Worse

Lasrick writes Energy expert H-Holger Rogner walks through the realities of the shale-gas boom, the 'game-changer' that has brought about a drop in energy prices and greatly reduced carbon emissions. But despite the positive impact on carbon emissions, Rogner points out that the cheap gas brought about by fracking shale may already be affecting investments into renewable energy, nuclear energy, and energy efficiency by offering more attractive investment opportunities: 'At today's prices of $4 to $5 per million British thermal units, gas-fired electricity holds a definite competitive advantage over new nuclear construction and unsubsidized renewables.' But natural gas is still a fossil fuel that emits carbon dioxide. 'A much higher share of natural gas in the energy mix would eventually raise emissions again, especially if gas not only displaces coal but also non-fossil energy sources. Moreover, methane, the chief component of natural gas, is itself a heat-trapping greenhouse gas with 25 times the warming effect of carbon dioxide. If total methane leakage—from drilling through end use—is greater than about 4 percent, that could negate any climate benefits of switching from coal and oil to gas.'

3 of 401 comments (clear)

  1. What time it is it? by MouseTheLuckyDog · · Score: 2, Funny
    It's time to do the Chicken Little Dance

    Bwak bwak

    The sky is falling.

    Bwak bwak

    The ground is burning.

    Bwak bwak

    The North Pole is melting.

    Bwak bwak

    Al Gore is coming.

    Bwak bwak

    ( OK the last one is really scary. )

  2. heresy! With that attitude, it'd be solved by raymorris · · Score: 4, Funny

    Heretic! Only solar-electric is good. Only solar-electric can be praised. To get hot water, we must build huge solar-electric panels and use them to charge big banks of batteries made from toxic chemicals, then electrically heat the water! Simply the water through a black pipe outdoors and allowing the sun to heat it naturally will not do.

    Nuclear may be a thousand times safer than any currently available alternative, but it's not solar-electric, so we'll just have to stick with coal until we can figure out which combination of noxious chemicals will make a magic battery for solar-electric. We've only been seriously investing in solar-electric for 60 years - any day now that magic battery will appear, and with it magic components like 100% efficient inverters. Until then, we must burn coal.

  3. Re:"Could", by Anonymous Coward · · Score: 2, Funny

    I have an idea. In this day and age when everyone likes to keep records of every person's data, let's keep track of every person's carbon footprint. Make that number inheritable, so that when someone dies, it gets passed on to the children, much like wealth. Then, if the point comes when it is evident that the disaster is here and we need to pay up, the payment can be distributed using the personal carbon footprint. I'm sure the deniers will have no problem with this, since they will not have to pay anything.

    I realize that this is pretty unrealistic. I'm just curious to know if any deniers would be willing to pay up if, in the future, it turns out they were wrong.