I’m interested in energy (in the sense of the economy and ecology of energy as it powers society) but know nothing about it.
I feel like the last time I really paid attention to energy, it was still a question of oil (and its industrial analog, Big Oil) and alternative, renewable energy.
But now energy production in the U.S. has given way from oil to natural gas. I asked a friend about why, and I’ve filled in a big gap in my understanding of What’s Going On. What I filled it in with might be wrong, but here’s what it is so far:
- At some point natural gas became a viable alternative to oil because the energy companies discovered it was cheaper to collect natural gas than to drill for oil.
- The use of natural gas for energy has less of a carbon footprint than oil does. That makes it environmentally friendly relative to the current regulatory environment.
- The problem (there must be a problem) is that the natural gas collection process has lots of downsides. These downsides are mainly because the process is very messy, involving smashing into some pocket of natural gas under lots of rock and trying to collect the good stuff. Lots of weird gases go everywhere. That has downsides, including:
- Making the areas where this is happening unlivable. Because it’s harder to breathe? Because the water can be set on fire? It’s terrible.
- It releases a lot of methane into the environment, which may be as bad if not worse for climate change than carbon. Who knows how bad it really is? Unclear.
- Here’s the point (totally unconfirmed): The shift from oil to natural gas as an energy source has been partly due to a public awareness and regulatory gap about the side effects. There’s now lots of political pressure and science around carbon. But methane? I thought that was an energy source (because of Mad Max Beyond Thunderdome). I guess I was wrong.
- Meanwhile, OPEC and non-OPEC have teamed up to restrict oil sales to hike up oil prices. Sucks for energy consumers, but that’s actually good for the environment.
- Also, in response to the apparent reversal of U.S. federal interest in renewable energy, philanthropy-plus-market has stepped in with Breakthrough Energy Ventures. Since venture capital investors with technical backgrounds, unlike the U.S. government, tend to be long on science, this is just great.
- So what: The critical focus for those interested in the environment now should be on the environmental and social impact of natural gas production, as oil has been taken care of and heavy hitters are backing sustainable energy in a way that will fix the problem if it can truly be fixed. We just have to not boil the oceans and poison all the children before they can get to it.
If that doesn’t work, I guess at the end of the day, there’s always pigs.