Japan Should Invest in European Shale Gas
From The Christian Science Monitor
By Nick Grealy
Should Japan invest in European Shale Gas?
I think so and here’s why:
Natural gas pricing is a complex subject tied to seemingly unconnected multiple variables that simply don’t lend themselves to a simple narrative. That doesn’t stop most people trying to create one. If they want a simple life, these people should get out of the big money and go open a laundromat or something. Natural gas pricing is a high impact multi-billion dollar issue. This may explain why those who go for the natural gas is just another fossil fuel narrative just can’t get gas pricing either. Their Peak Gas narrative is essentially we’re all using a lot of a declining resource and we’re doomed, or if we stop we’re doomed anyway or we can get out of it spending a trillion euros to go green. In which case we’re doomed and broke. As an aside, peakers are often as unaware of, and uncomfortable with, the success of energy efficiency on the demand side as they are with shale on the supply side, denying the good news reality of each.
A key issue in Europe remains that some continue to refuse to accept that the shale revolution will have consequences in European markets.
Under this scenario, European shale gas won’t evolve for a variety of reasons and the comfortable world of rising gas prices that underpins European energy policy in other areas will remain intact.
