It’s not all bad with fracking after all! The recent boom in natural gas supply is related to the current advancement in hydraulic fracking. After hydraulic fracturing hit the scene, it opened up vast stores of previously unobtainable gas. That led to a big gas boom and the subsequent cheap supply in natural gas for energy production. It’s already had a huge impact on coal mostly, by killing it off and encouraging natural gas power generation.
Until recently, coal power kept half the nation’s lights on. Last year, for the first time, enough power plants switched to natural gas, to the point that coal was down to providing only a third of the nation’s power.
Shale gas boom is not only stopping the development of new nuclear plant but it’s also forcing the existing nuclear power facility to switch to gas. Nuclear power has always been exorbitantly expensive. Every reactor requires staggering loan guarantees from the government and comes with massive upfront costs. That’s partly why between 1978 and 2012, just one new nuclear power plant was approved for construction in the United States
Lord Smith, chairman of the Environment Agency, of the United Kingdom also supported the move to encourage shale gas fracking in the UK. I am also joining the team of few environmental professionals that is in support of shale gas fracking but it must be done in a transparent and supervised manner. I believe the oil and gas companies have been working to reduce pollutions from gas exploration. I want you to look into the present shale gas exploration system and recommend ways to make it better.