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11/16/10 at 3:40am
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If Boone Pickens feels smug, he has reasons to. He had predicted a couple of years back that his country (USA) should rely more on natural gas than even on renewable energy fuels (though he took big bets on wind energy as well). And he should really feel vinidicated as world over, energy folks are waking up to the fact that this century could well belong to natural gas as the last one belonged to oil.

As this post about natural gas from the EAI Blog says, "I am being very conservative in wondering if this could be the decade of natural gas. There are folks who are wondering aloud if this could be the CENTURY of natural gas.

These folks are no doubt buoyed by the recent successes in shale gas exploration, but that alone is not the reason for natural gas being in the limelight. The properties of natural gas – more bang for the buck than oil as a transport fuel, and much lower CO2 emissions than coal as a feedstock for power – make it a preferred choice to oil or coal."...

The recent finds of shale gas in the US will only increase the acceleration towards natural gas, in my opinion. Add the fact that natural gas is less polluting than coal or oil, and you can see why lots of folks are genuinely interested in investing in this.

What are your views of natural gas and its projected dominance in the future?

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