There were some in Quebec who were thrilled last week when the new Parti Québécois government suggested it would ban the development of the province’s shale gas resources. While this seems to be just another story of a province deciding for or against a development opportunity, a shale gas ban might have larger consequences down the road.
Shale Gas spurs manufacturing in the Rust Belt.
Several companies are chomping at the bit to get their hands on one of the new licences the government is planning to issue.
It is good to see that the petroleum industry is attempting to get in front of public opinion regarding the safety and effectiveness of extracting shale gas. That action is a good first step to deal with negative environmental activists who oppose all forms of extraction of fossil fuel resources.
However, could the producers afford to add a small element to their PR campaign budget to indemnify neighbors against the minimal risk that their ground water supplies will be contaminated by natural gas development activities?
The National Post has run an optinion article that outlines some of the risks associated with shale gas. It outlines concerns voiced by environmental organizations and responds to those concerns. I tend to agree that Shale Gas does not entail …
“Alberta Energy Minister Ron Liepert said this week that Alaskan natural gas would likely flow through the province ahead of gas from the Mackenzie Delta. Not so long ago, such a statement would have been regarded as treasonable. Now it appears merely common economic sense.”
Yet still the environmental movement, deep in bed with the subsidised renewable energy industry, wants to impede shale gas, fearful that it might succeed. Until recently it looked as if the Government’s energy policy was to go beyond picking winners to pick losers – how else do you describe an policy that hands out the most money to the most expensive ways of generating power? – and even ban winners
“It takes real skill to derail an industry where Canada has so many competitive advantages,” writes Rick Rule regarding energy markets. The chief executive of Sprott US Holdings, a natural-resource brokerage, says the barrier is politics, while Canadian firms, technology, …
The Shale Revolution, technology unleashing vast new oil and natural gas production, is delivering lower energy costs to countries, industries and consumers. Absent revolutionary hydraulic fracturing (fracking) and horizontal drilling, Canadians’ winter heating bills would be twice what they now …