I wrote this article some time ago, but it has just surfaced, published over in my column at Troy Media, Canada. It spells out the serious economically debilitating impact of green lobbying to prevent natural gas exploitation (that will have a minimum impact on the environment). Here's a taster:
Canada, at a conservative estimate, sits atop 4,000 trillion cubic feet (tcf) of natural gas, according to the Canadian Society for Unconventional Gas (CSUG). To put that in perspective, domestic use accounts for around just 3 tcf per year, with a similar amount going for export. On the CSUG’s very lowest estimate of Canada’s domestic gas deposits, that’s enough gas to meet home and export demands for 100 years.
Markets like Asia could prove very receptive to gas exports, given Canada’s current levels of productions and early exploitation of deposits.
Yet, in Canada, environmentalists question the safety of hydraulic fracturing. This “uncertainty” has the process mired in a heated public debate, and a push to suspend exploration. A year’s moratorium on shale gas drilling in Canada and the Asian market could dry up – and quickly.
Go here for the full article.