Natural Gas Is The Future Of Energy
And its not even close!
Natural gas is the wave of the future in U.S. and global electricity production, with no other power source even close to matching natural gas’s potential over the next few decades. The United States is in perfect position to take advantage of this if American policymakers will remove government obstacles to natural gas production and export.
Michael Bastach points out in the Daily Caller that coal is likely to maintain its status as the global leader of electricity production through 2040. The reason for this is most countries – and especially rapidly developing countries – will continue to take advantage of the least expensive available power source. That energy source is coal.
However, a closer look at the numbers Bastach cites – taken from the ExxonMobil 2017 Outlook for Energy – shows that while coal will remain the leading power source, its share of global electricity production will fall from 40 percent today to 30 percent in 2030. This is because there is growing pressure in many countries to put the brakes on debilitating air pollution. That is where natural gas comes in. The Outlook for Energy anticipates dramatic growth in global electricity production, with natural gas providing the lion’s share of that growth. Coal will remain king, but it will lose substantial market share to natural gas.
Written by James Taylor at Forbes.com