So much for the myth that fracking = cheap energy.

[Socialistlemur]

3. It depends on supply

I think shale gas must be more expensive than gas from other rocks, because its a new technology and they have to spend a lot of money fracking the wells. If they build an export facility then I suppose the price will go up because there will be less competition. This has pluses and minuses. Natural gas is greener than coal, and this means it sheds less CO2. But a higher price long term helps cut how much we use. And it encourages more drilling. I don't think in the big picture this news item makes a difference. Everytime something like this is announced people make noise. But it takes a very sharp eye to figure out if its good or bad. I think long term it's bad because we export gas we should use to reduce coal consumption. And if we export it and goes elsewhere then it puts CO2 in the air anyway.