The US produces huge amounts of shale gas, India has just discovered what they're calling "an unlimited reserve", but dim Labour has called for a temporary halt to drilling for shale gas while its safety is checked.
Bloomberg says that power from a natural gas-fired power plant costs about $54 a megawatt hour to produce, compared with $176 for energy coming from an offshore wind farm, and gas-fired power plants can take as little as 18 months to build.
So it's cheap, it's plentiful, and being widely extracted in North America, where it has led to a fall in the price of gas.
But the dim, slow Labour party can't see it.
And it doesn't cause a problem with carbon dioxide. There is no sign of serious global warming going on, and if there were, it would be hard to explain it by increased emissions of carbon dioxide.
Labour is just pandering to Green Luddites.
2 comments:
No! No! You do not understand. The environmental lobby does not want any new cheap source of energy to be discovered! They might have to give it to the little people!
Couldn't agree more! They've got to keep us down :)
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