"If you want to understand how the United States is suddenly eating everyone's lunch when it comes to energy,"
writes Steven Hayward, "see the chart below from the
Financial Times."
No wonder Europe is getting off its duff and trying to move forward with
plans to expand its own shale natural gas potential. Not
coincidentally, cheap natural gas is starting to prompt several states
to back off of their renewable portfolio standards
that mandate the purchase of uncompetitive and grid-destabilizing wind
and solar power. The rout of the environmentalists continues.
"
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