Editorial: “The fracking debate needs more light, less heat“
IT’S all right. Everything’s going to be OK. If there’s a problem, we’ll fix it.
Such reassuring words are the hallmark of a certain way of thinking, sometimes known as rational optimism. Things will always turn out fine because we humans are almost infinitely creative and adaptable. Confronted with a problem, our technological ingenuity will provide a solution.
In few places is this idea more powerful than among those planning our future energy supply. Yes, demand is rising. Yes, there are issues with greenhouse gas emissions. Yes, renewable technologies aren’t quite ready for prime time. But a technological miracle will fill the gap until solar, wind and tidal power come fully on stream. It’s called shale gas.
At first glance, it is a strange claim. Shale gas is methane trapped in tiny pockets in shale rock formations, sometimes in vast quantities. Forcibly extracted by the process of hydraulic fracturing, or fracking, it is still a fossil fuel; burning methane produces greenhouse gases that contribute to global warming.
But to see the optimists’ point, look to what has happened in the US, traditionally the global climate bogeyman. Between 1981 and 2005, US carbon emissions increased by 33 per cent, from 4.5 billion to 6 billion tonnes a year. Since 2005, they have fallen by 9 per cent (see graph). There are many factors, not least economic recession, but according to figures from the US Energy Information Administration (EIA) just under half of that reduction …