Over at DeSmogBlog, they have an interesting interview with energy investor Bill Powers, author of the new book "Cold, Hungry and in the Dark: Exploding the Natural Gas Supply Myth." Here's an excerpt from the DeSmogBlog article:
The book's title...pokes fun at the statement made by former Chesapeake Energy CEO Aubrey McClendon at the 2011 Shale Gas Insight conference in Philadelphia, PA."What a glorious vision of the future: It's cold, it's dark and we're all hungry," Powers said in response to the fact that there were activists outside of the city's convention center. "I have no interest in turning the clock back to the dark ages like our opponents do."
What Powers unpacks in his book, though, is that McClendon and his fellow "shale promoters," as he puts it in his book, aren't quite as "visionary" as they would lead us all to believe.
Indeed, the well production data that Powers picked through on a state-by-state basis demonstrates a "drilling treadmill." That means each time an area is fracked, after the frackers find the "sweet spot," that area yields diminishing returns on gas production on a monthly and annual basis.
So, if coal's not the answer, and natural gas isn't either, then what is? According to Powers, it's "increased efficiency, distributed power, obviously solar and wind....also energy storage [and "better grid-management systems"]" that are "going to become increasingly important." We couldn't agree more.