May 8, 2012

Is Shale Gas Hype Subprime Meltdown 2.0?

Yves Smith, EconoMonitor


EC

If my RSS reader is any guide, most of the press about shale gas has focused on two issues. First, shale gas is in considerable supply, cheap to produce, and burns far cleaner than other fossil fuels. Second, shale gas does not look so hot environmentally, all in. Fracking can pollute ground water (and potable water is our most scarce resource) and releases enough methane to make shale gas as detrimental as coal. Still, it has been treated as the Great Hope for America’s energy woes, a way to turn the US into an exporter, and maybe it will cure cancer too. Obama touted 100 years of shale gas reserves, and Read Full Article ››


TAGGED: subprime mortgage meltdown, Fracking, natural gas, shale gas

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