Cold, Hungry and in the Dark
Exploding the Natural Gas Supply MythBook - 2013
Examines the natural gas industry, arguing that the declining productivity and increasing demand will trigger a crisis that will cause prices to rise and more damage to the economy.
Conventional wisdom has North America entering a new era of energy abundance thanks to shale gas. But has industry been honest? Cold, Hungry and in the Dark argues that declining productivity combined with increasing demand will trigger a crisis that will cause prices to skyrocket, damage the economy, and have a profound impact on the lives of nearly every North American.
Relying on faulty science, bought-and-paid-for-white papers masquerading as independent research and "industry consultants," the "shale promoters" have vastly overstated the viable supply of shale gas resources for their own financial gain. This startling exposé, written by an industry insider, suggests that the stakes involved in the Enron scandal might seem like lunch money in comparison to the bursting of the natural gas bubble. Exhaustively researched and rigorously documented, Cold, Hungry and in the Dark:
- Puts supply-and-demand trends under a microscope
- Provides overwhelming evidence of the absurdity of the one hundred-year supply myth
- Suggests numerous ways to mitigate the upcoming natural gas price spike
The mainstream media has told us that natural gas will be cheap and plentiful for decades, when nothing could be further from the truth. Forewarned is forearmed. Cold, Hungry and in the Dark is vital reading for anyone concerned about the inevitable economic impact of our uncertain energy future.
Bill Powers is the editor of Powers Energy Investor and sits on the board of directors of Calgary-based Arsenal Energy. He has devoted the last fifteen years to studying and analyzing the energy sector.
Recent pronouncements that the United States has a a hundred-year supply of natural gas, enough to allow natural gas to serve as an efficient "bridge fuel," are in reality a myth, unsupported by solid economic thinking, according to this book, which proceeds through a brief history of the US natural gas market and its regulation, analysis of the major sources of domestic demand for natural gas and sources of supply, suggestions about how to address the mismatch between the two (mainly focused on reducing natural gas dependency), and a critique of the faulty data collection methods of the US Department of Energy's Energy Information Agency. Distributed in the US by Perseus Distribution. Annotation ©2014 Ringgold, Inc., Portland, OR (protoview.com)