Shale Gas is a "Big Deal"
Jane Van Ryan
Posted April 9, 2010
Sec. Chu is just one of many observers who say that natural gas produced from U.S. shale formations could change America's energy landscape.
According to estimates, today's natural gas supplies could meet America's needs for 100 years, based on the current consumption rate.
In fact, natural gas supplies are so abundant, ConocoPhillips Chairman and CEO James J. Mulva says it's much more than a bridge fuel to the future. He says natural gas "can be part of the long-term energy solution."
- Natural gas must be considered a "leading energy source, providing heat and electricity, fueling fleet vehicles and backstopping wind and solar power."
- The United States must acknowledge the benefits of carbon-based fuels as part of the nation's energy mix and "overcome the opposition of the hydrocarbon deniers."
- The government should avoid actions that impose new taxes, climate laws and mandates that require "the use of renewable resources for electricity generation and discriminate against natural gas."
"All we ask is a level playing field," Mulva writes. "Then we'll place our bets on clean, abundant and affordable natural gas--nature's energy gift."
About The Author
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