May 19, 2016

YOUR NEXT CAR WILL BE A VOLT:

Here's How Shale Is Making America Greener (American Interest, 5/19/16)

Our growing natural gas supplies have brought prices down to bargain basement levels, and last year's average Henry Hub spot price hit a 16-year low. As a result, we've seen a sharp uptick in natural gas-fired power production (a 19 percent increase last year) coming largely at the expense of coal. Shuttered coal-fired power plants accounted for more than four-fifths of lost generating capacity in 2015, displaced by cheaper shale gas that emits just half as much carbon.

Shale gas is dethroning Old King Coal, and the EIA expects natural gas to finally displace its sootier cousin this year as the dominant energy source in America, a remarkable green achievement brought about not by heavy government subsidies or convoluted green tax breaks, but rather by innovative new technologies that have unlocked vast new reserves of domestic sources of baseload power.

Hike taxes on coal and you speed the process.
Posted by at May 19, 2016 6:01 PM

  

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