NYT Article: Natural Gas Now Viewed as Safer Bet

Full article here.

Key excerpts:

"Natural gas may be having its day, as its rival energy sources come under a cloud.

The serious problems at the nuclear power plant in Japan have raised new doubts about the safety of nuclear energy. New exploration has yet to resume in the Gulf of Mexico after last year’s blowout of a BP oil well. And coal plants have been under a shadow because of their contribution to global warming. 

Meanwhile, natural gas has overcome two of its biggest hurdles — volatile prices and questionable supplies. In large part because of new discoveries in the United States and abroad that have significantly increased known reserves, natural gas prices have been relatively low in the last two years.

<snip>

Still, with the global demand for energy expected to grow by double digits in coming decades, analysts are anticipating a new boom in gas consumption. Given the growing concerns about nuclear power and the constraints on carbon emissions, one bank, Société Générale, called natural gas the fuel of “no choice.”

“At the end of the day, when you look at the risk-reward equation, natural gas comes out as a winner,” said Lawrence J. Goldstein, an economist at the Energy Policy Research Foundation. “It’s a technical knockout.”

Tags: demand, energy, global, nuclear

Views: 46

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Replies to This Discussion

Permalink Reply by JHH on March 22, 2011 at 6:26
WOW, The end of times must be at hand!
Permalink Reply by essay on March 22, 2011 at 6:42
saw this yesterday on my daily google news search for natural gas, if we were smart we'd go with nuclear for new electricity generation and NG for transport, but things are what they are.  i'm trying not to look a gift horse in the mouth but all the fear-mongering around nuclear right now is hard for me to process, especially in light of all the loss of life involved in the quake and tsunami.
Permalink Reply by cocodrie man on March 22, 2011 at 7:19
Hmm, next thing you know it will be on NPR!-)
Permalink Reply by David on March 22, 2011 at 9:00
If that happens, then you know we have entered The Twilight Zone! :)

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