PrintMay 4, 2009
Discovered: 200 trillion cubic feet of natural gas
Good news for America undermines the green energy agenda. The Wall Street Journal reports a huge new discovery of natural gas --- a fossil fuel so clean even liberals can stand it.
"CADDO PARISH, La. -- A massive natural-gas discovery here in northern Louisiana heralds a big shift in the nation's energy landscape. After an era of declining production, the U.S. is now swimming in natural gas.""Even conservative estimates suggest the Louisiana discovery -- known as the Haynesville Shale, for the dense rock formation that contains the gas -- could hold some 200 trillion cubic feet of natural gas. That's the equivalent of 33 billion barrels of oil, or 18 years' worth of current U.S. oil production. Some industry executives think the field could be several times that size.... Huge new fields also have been found in Texas, Arkansas and Pennsylvania. One industry-backed study estimates the U.S. has more than 2,200 trillion cubic feet of gas waiting to be pumped, enough to satisfy nearly 100 years of current U.S. natural-gas demand."
Good news, right? It's good for consumers, it's good for the country and the economy, and it's good for the world's resources. It's a great compliment to those who have worked hard for the technical advances that made this discovery possible. It shows (again!) that better exploration techniques pay off in huge new discoveries. A dollar invested in natural gas exploration pays off a heck of a lot more than the same dollar in Green Fantasyland.
But ... it's bad for the Fear Industry ... it's bad for our media airheads, who have to think of whole new scare headlines ... it's bad for the Green Doom Brigade ... it's bad for that brilliant new all-electrical vehicle ... it's terrible for Governor Arnie's vision of a Hydrogen Economy for California ... and it's very upsetting to all the suckers who have fallen for the global warming scam.
Bottom line: Good for real people, bad for Greenophobiacs.
I'll take that tradeoff.
