Fracked Gas Won’t Solve Energy Crunch: Report

August 7, 2013 at 7:51 pm Leave a comment

Governments and financial analysts who think unconventional fossil fuels such as bitumen, shale gas and shale oil can usher in an era of prosperity and energy plenty are dangerously deluded, concludes a groundbreaking report by one of Canada’s top energy analysts.

In a meticulous 181 page study for the Post Carbon Institute, geologist David Hughes concludes that the U.S. “is highly unlikely to achieve energy independence unless energy consumption declines substantially.”

Read the article posted on The Tyee here.

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Entry filed under: Energy, Peak_Oil.

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