Jane Van Ryan
Posted November 3, 2009
When energy consultant Daniel Yergin calls unconventional natural gas a "game changer," people listen. And in today's Wall Street Journal op-ed, Yergin and his colleague Robert Ineson of IHS Cambridge Energy Research Associates (IHS CERA) say that the ability to produce natural gas from shale could "transform the debate over generating electricity."
As Yergin and Ineson explain, the combination of horizontal drilling and hydraulic fracturing have led to a dramatic rise in natural gas supplies in the United States. "At current levels of demand," they say, "the U.S. has about 90 years of proven and potential supply--a number that is bound to go up as more shale gas is found."
They also say that natural gas emits less carbon than other fuels, making it a very attractive power source in a carbon-constrained world. This fact plus the sudden abundance of U.S. natural gas from shale could encourage the construction of gas-fired power plants, turn Marcellus-shale states including Pennsylvania and New York into gas exporters, and facilitate the development of renewable energy sources.
Yergin and Ineson say it remains to be seen whether the rest of the world will rush to develop unconventional natural gas. But they add, "what has begun as the shale gas in the U.S. could end up being an increasingly powerful wind that blows through the world economy."
ABOUT THE AUTHOR
Jane Van Ryan was formerly senior communications manager and new media advisor at the American Petroleum Institute (API), where she wrote blog posts and produced podcasts and videos. Before coming to API, Jane managed communications for a large science and engineering corporation, and for a top-tier research and engineering university. A few years ago, you might have seen her in your living room when she delivered the news on television. Jane officially retired from API in 2011 and now freelances as an independent communications consultant when not gardening at her farm in Virginia.