Matt Ridley has done an exhaustive study of shale gas. The introduction by Freeman Dyson is priceless! Here is the summary of Ridley’s report:
The report The Shale Gas Shock, written by Matt Ridley and with a foreword by Professor Freeman Dyson, finds that shale gas:
- is not only abundant but relatively cheap and therefore promises to take market share from nuclear, coal and renewable energy and to replace oil in some transport and industrial uses, over coming decades.
- will help to keep the price of nitrogen fertiliser low and hence keep food prices down, other things being equal.
- is unlikely to be a major source of pollution or methane emissions, but in contrast promises to reduce pollution and accelerate the decarbonisation of the world economy.
For the entire report read here:http://thegwpf.org/images/stories/gwpf-reports/Shale-Gas_4_May_11.pdf
June 10 update. Shale gas plus gas to liquids: