By Dave Elliott
In a fully free-market energy supply system there is no direct commercial incentive for generation companies to ensure that the lights stay on long term, by investing in new and/or backup capacity. Given that some old plants are scheduled for closure and more reliance on sometimes variable renewables is planned, the UK government has stepped in to create a new ‘capacity market’ to try to fill the potential gap in terms of reserve capacity and grid balancing capacity. (more…)
by Carey King
This post simply links to two posts by Art Berman on the recent controversy about a Nature article (not scientific journal article) discussing how a base scenario from a detailed analysis of the four major shale natural gas plays in the United States shows less gas future gas production than scenarios from the United States Energy Information Administration (EIA).
Read the links below and the original article and letters if …
you are interested in the future of energy,
you want to know if the U.S. will become a major natural gas exporter,
Art Berman: Friday, December 19, 2014: Nature Responds To EIA and BEG Denial Letters
Art Berman, Sunday, December 21, 2014: Why The Debate Over The Fracking Fallacy Is A Big Deal
The short story is …
1. the Bureau of Economic Geology (BEG), a large research unit at The University of Texas at Austin, has performed (still in progress) a detailed study of four major shale natural gas plays in the United States,
2. a reporter wrote a story on this work in Nature, with the interpretation that the production of natural gas from shale will likely not be as much as commonly stated by industry or the U.S. government,
3. the principal investigators of the research, as well as the U.S. EIA, took exception to the portrayal in the Nature article.
Since I work at The University of Texas at Austin, the home to the Bureau of Economic Geology that headed the detailed shale gas basins study, I will refrain from direct comment other than to say that (1) I agree with Art Berman: it is important that academics, journalists, and the public discuss important findings and assessments regarding energy resources and learn how to have beneficial discussions, and (2) two persons can look at the same graph of numbers and come to two different conclusions as to the implications (given their background knowledge, motivations, and outlook).