Monday, June 6, 2011

NYTimes: Golden Age of Gas

Here are the headline paragraphs:

Are we entering a golden age of gas?
The answer is yes, according to a report with just that title released on Monday by the International Energy Agency — as long as the price for natural gas remains low and governments adopt strong regulations to overcome environmental concerns about hydraulic fracturing.
The report projects that natural gas could make up 25 percent of the global energy mix in 2035, up from 21 percent now, replacing coal, nuclear and some power from renewable sources like wind and solar. The drivers of the fuel’s growing popularity are uncertainty about nuclear power after the recent Japanese disaster, an anticipated boom in demand from China and, most important, the widespread development of gas fields from unconventional sources like shale rock.

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