EEC PERSPECTIVES

Why Natural Gas Isn’t Likely to Solve Our Energy Woes

Actuary Gail Tverberg writes that people who are depending on natural gas, with its high reported reserves throughout the world, to solve the world’s energy problems are “counting their chickens before they hatch.” She writes that natural gas requires a lot of infrastructure and therefore upfront investment, as well as a time delay of years before it can be utilized. It also requires a change in energy consumption habits, which becomes more complex if natural gas is more expensive than other fuel options, as in certain parts of the world where it is a high-priced import.

Read the full article here: Why Natural Gas Isn’t Likely to Solve Our Energy Woes

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