A Bloomberg article is another hit against the idea we will soon run out of affordable energy sources.
The current pricing levels of natural gas, in North America, would need to triple, but that is still not expensive by historical standards ... and then the same type of technological advances that made natural gas abundant would be seen in the coal industry.
Coal Greens Love Buoyed by Shale Gas Hydraulic Fracking - Bloomberg:
The world’s most abundant fossil fuel could be tapped without moving mountains, delivered without trucks or trains and burned without greenhouse-gas emissions.Coal Greens Love Buoyed by Shale Gas Hydraulic Fracking - Bloomberg:
The technology to make this possible has been around for decades. Underground coal gasification was pioneered by Sir William Siemens in the 1860s to light London’s streets. Vladimir Lenin hailed the method in a 1913 article in Pravda for its potential to rescue Russians from hazards of underground mines.
Despite its early boosters, the technology never caught on in the U.S., mostly for cost reasons. Now the improvements in seismic mapping and drilling that lit a fire under the U.S. fracking boom may also spur development of a domestic coal gas industry, proponents said.
Are there still 'greens' mad at George Monbiot for noting the problem was not a decline in fossil fuels, but the abundance of fuels?
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