• Natural Gas News

    TIME: Five Truths About Our Energy Future

    old

Summary

Here's the thing that forecasts about energy use and production tend to have in common: they're probably wrong. From the predictions in the 1950s...

by:

Posted in:

Press Notes

TIME: Five Truths About Our Energy Future

Here's the thing that forecasts about energy use and production tend to have in common: they're probably wrong. From the predictions in the 1950s that nuclear energy would one day be too cheap to meter, to the belief in the 1970s that the world would run on solar power by the end of the 20th century, would-be energy prophecies have seemed to come from very cloudy crystal balls. Today the biggest trend affecting global energy markets is the explosive growth of shale natural gas — something that virtually no one thought was even viable 20 years ago. Technological advances, new discoveries, unexpected economic crises, environmental concerns — all of these factors can skew our expectations about how we'll be powering our homes, cars and industries tomorrow. So when you listen to the gloomy forecasts from peak-oil theorists or hear the sunnily optimistic scenarios of energy executives, keep this in mind: the future is really, really hard to predict. HERE