Source: The Telegraph.com
By: Gwynne Dyer
Which of the following statements is true? The United States of America now has a 100-year supply of natural gas, thanks to the miracle of shale gas. By 2017, it will once again be the world’s biggest oil producer. By 2035, it will be entirely “energy-independent”, and free in particular from its reliance on Middle Eastern oil. Unless you’ve been dead for the past couple of years, you’ve been hearing lots of enthusiastic forecasts like this, but not one of them is true. They are generally accompanied by sweeping predictions about geopolitics that are equally misleading, at least insofar as they depend on assumptions about cheap and plentiful supplies of shale gas and other forms of “unconventional” oil and gas.
For example, we are assured that the US, no longer dependent on Arab oil, will break its habit of intervening militarily in the Middle East, since what happens there will no longer matter to Washington. But this new era of cheap and plentiful energy from fossil fuels will also result, alas, in sky-high greenhouse gas emissions and runaway global warming. These statements are also untrue, at least in the formulation given above, since they are based on quite mistaken assumptions.
Continue reading Energy Myths