81 comments on Natural Gas Revisited
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81 comments on Natural Gas Revisited
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Regarding water, this is another issue that needs to be looked at. The water injection is at many feet below the water table, and the track record seems to be pretty good in the past. But if there is a lot more fracing and it is near populated areas, one wants to be pretty sure that things are working out as planned.
Regarding switching vehicles to natural gas, the tricky part is the way to switch just the right number (in the right locations) to natural gas. Our pipelines and storage are not all that adequate. If a number of vehicles were added in the Northeast, we could end up with not enough natural gas to run our electric power plants there.
The vehicles that are added would have to be limited in number, and added near where the natural gas is produced. I would think it might be used primarily for short-range commercial vehicle, that could fill-up fairly frequently in the same location.
One thing I forgot to mention is that Pepacton and Cannonsville reservoirs, ie. all the drinking water for NYC is right there as well.
Another issue is the resale of the leases. On the one hand, the drilling rights and royalties could potentially bring wealth to some of the poorest counties in NY State. On the other hand, with rapid whipsaw crash of prices, I've heard that Chesapeake and others are selling off their rights- to Chinese companies is what I heard, but can't verify. Once somethings on the market, it never comes off.
Basically my feeling about energy is that it counts as infrastructure, and ought to be managed as heavily regulated geographic monopolies. This would go back to the 60s model of things. A floor price could be guaranteed. I don't believe de-regulation of energy (or telecom or other infrastructures that used to be PSC-regulated) has in any way made infrastructure cheaper or easier or better. It's fascinating that we now want stability without, somehow, government intervention...