How Much Gas is There?

Matthew Kahn has a great post on the big NYT natural gas story: Asymmetric information and fundamental uncertainty raise interesting issues in economics. Suppose that a natural gas company owns 10 plots of adjacent land and reports the “provable” quantity of natural gas that it can access at one of the plots. It is tempting [...]

Is Shale Gas a Bubble?

Ian Urbina has a long piece throwing some cold water on the natural gas hype at the NYT: Natural gas companies have been placing enormous bets on the wells they are drilling, saying they will deliver big profits and provide a vast new source of energy for the United States. But the gas may not [...]

Our Solar Future

Stephen Lacy at Grist gives us more reasons to be optimistic about solar. Here’s the price trend: And so much for natural gas as a “bridge fuel.” We’ve already crossed the bridge:

Is Tom Corbett Accountable to Grover Norquist or PA Voters?

Tom Corbett is complaining that it’s the federal government’s fault that he has to cut education funding, and I agree that the federal government should be bailing out state budgets until revenues recover, but it’s just not true that he has to cut education. Neal Bisno makes the point well: “Rich, out-of-state gas companies are [...]

What You’re Getting Instead of a Fracking Tax

Instead of taxing fracking like every other state, Tom Corbett thinks it’s a better idea to do this stuff: With a 6-2 vote before a sparse crowd, the Bethlehem Area School Board gave its final blessing Monday to eliminate 175 jobs, slash about 40 high school electives, pare down preschool offerings and end full-day kindergarten [...]

Fracking Is Worse Than Coal

Ben Geman at The Hill reports that natural gas from fracking is worse than coal, and should not be a part of the clean energy future: Cornell University professors will soon publish research that concludes natural gas produced with a drilling method called “hydraulic fracturing” contributes to global warming as much as coal, or even [...]

Low Prices = Less Drilling

“The industry ramps up activity when prices rise and reduces activity when prices fall,” natural gas giant Devon Energy wrote bluntly in its 2008 annual report. “Devon’s sharp reduction in exploration and production capital spending in 2009 reflects our response to the current low-price environment and concern about the global economy.” Or, to be fair [...]