Frack Gas Not Likely to Displace King Coal, Study Suggests
Well, I suppose, on the upside, GE will be adding to our exports.
http://www.forbes.com/sites/danielfisher/2011/09/01/frack-gas-not-l...
That isn’t going to happen, the authors conclude, for a variety of reasons. First, pipelines would have to be expanded by a third just to move an additional 10tcf of gas to power plants. There’s also no economic evidence to support wholesale fuel-shifting when gas prices drop relative to coal. A 1973 to 2007 study by EIA, World Bank and University of Calgary showed cross-elasticity of coal to gas of 0.064, meaning gas use in electricity increases 0.6% for every 10% decrease in gas prices relative to coal.
80P
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Permalink Reply by dbob on -
Sesport I don't think this study gets it:
The fuel shift will occur more due to changes in environmental regulation, the age of coal fired power plants, and need to provide flexible/scalable base load to balance wind and other renewables. Its juts bonus that the price of gas is getting lower now.
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