How Economically Viable Is Natural Gas?

Sponsored by Advanced Energy Research and Technology Center

Not A Renewable Source

According to the EPA, “natural gas is defined as a fossil fuel formed when layers of buried plants and animals are exposed to intense heat and pressure over thousands of years. The energy that the plants and animals originally obtained from the sun is stored in the form of carbon in natural gas. Natural gas is combusted to generate electricity, enabling this stored energy to be transformed into usable power.

A Washington, D.C. Metrobus, which runs on natural gas.

A Washington, D.C. Metrobus, which runs on natural gas.
(photo credit: Wikipedia)

Natural gas is a nonrenewable resource because it cannot be replenished on a human time frame. The natural gas power production process begins with the extraction of natural gas, continues with its treatment and transport to the power plants, and ends with its combustion in boilers and turbines to generate electricity.

Natural gas extraction by countries in cubic meters per year.

Natural gas extraction by countries in cubic meters per year.
(image credit: Wikipedia)

Is It A Cost Advantage?

Natural gas is used to generate electricity, serves as an alternative to gasoline, can be used to generate hydrogen and helps create fertilizer. It has a cost advantage over other forms of energy such as solar, wind and geothermal. However, there is a huge debate as to whether or not natural gas makes sense because of the pros and cons with this form of energy such as the environmental impact, the current return on the investment the impact on the face of energy.

Natural gas prices at the Henry Hub in US Dollars per MMBtu for the 2000-2010 decade.

Natural gas prices at the Henry Hub in US Dollars per MMBtu for the 2000-2010 decade.
(Image Credit: Wikipedia)

The Interview

In this segment of The Clean Energy View Radio Show, host, June Stoyer talks to energy expert, Tom Drolet.

To download the interview, please click here: Tom Drolet or simply use the podcast player below

Listen to June Stoyer On

Mr. Drolet has worked in the energy industry and technology innovation industries for over 42 years. He brought a wealth of experience at the senior management level to the electrical utility industry at Ontario Hydro, the fourth largest electrical utility in the world (Nuclear, Coal, Natural Gas, Hydroelectric), American Electric Power (Canada) and DTE Energy.  He has worked on BOD and in the oil and natural gas industries in North America and on Renewable Energies in North and South America, Japan, Indonesia and the Philippines.

Thomas Drolet

Thomas Drolet

He has also worked with several new technology industries in the areas of energy (fusion energy, distributed generation, fuel cells, and innovative geothermal processes), as well as in the area of medical pharmaceutical breakthrough applications in cancer treatments.  In the last 25 years Mr. Drolet has worked internationally in 44 countries, predominantly in North America, South America, Australia, China, Russia, South Korea, Japan, Africa and Europe. He has spoken at over 175 major conferences on issues in energy and the effects of new technologies on the economies of the western world. Stay tuned!

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2 thoughts on “How Economically Viable Is Natural Gas?

  1. Energy Policy Forum is a good resource to understand the shale energy voodoo economics.

    But a better question about shale energy is not about money or jobs, it’s about how much damage this extreme extraction method does to our water, air and land and how fast it will accelerate climate change.

  2. This is important information to give to the world. I admire you vision and sense of purpose, the World needs more people like you in it. Keep up the awesome work.

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