by Matthew L. Wald
June 24, 2010
"WASHINGTON — Natural gas will provide an increasing share of America’s energy needs over the next several decades, doubling its share of the energy market to 40 percent, from 20 percent, according to a report to be released Friday by the Massachusetts Institute of Technology.
The increase, the report concluded, will come largely at the expense of coal and will be driven both by abundant supplies of natural gas — made more available by shale drilling — and by measures to restrict the carbon dioxide emissions that are linked to climate change.
In the long term, however, the future may be dimmer for natural gas if stricter regulations are put in place to cut greenhouse gas emissions by 80 percent below 1990 levels by 2050 — a goal set by President Obama. Although lower in carbon than coal, natural gas is still too carbon-intensive to be used under such a target absent some method of carbon capture, the authors of the report concluded.
The report, one of a series on energy resources, is the result of a two-year effort by 14 prominent energy experts, led by Ernest J. Moniz, an M.I.T. professor who is a former under secretary of energy. Previous reports focused on nuclear power and coal. The report was financed in part by the American Clean Skies Foundation, which represents the interests of the natural gas industry." More>>>>
According to Source Watch, "The American Clean Skies Foundation -- a Washington D.C. based 501(c)3 non-profit group -- states on its website that it "was formed in 2007 to provide all the facts on clean energy -- particularly natural gas and other clean fuels such as wind and solar -- and about the need for greater energy efficiency." The organization was founded by Aubrey K. McClendon, the billionaire CEO of Oklahoma City-based Chesapeake Energy Corp., one of the country's top sellers of natural gas.
In December 2007, the Foundation reported $2,836,504 in assets and $3,166,303 in income, according to Internal Revenue Service reports. "
Link to report>>>>