Government energy strategies are described as “road maps to the future.” They usually wind up speeding dead-end technologies into the cul-de-sac where they belong, while the private sector builds better mousetraps up unanticipated paths. This truism is confirmed as government-backed wind and solar industries flag, while unconventional gas production booms.
The International Energy Agency this week confirmed that unconventional gas has implications that reflect its technology of hydraulic fracturing, or “fracking:” They are earth-shattering. According to the IEA’s chief economist, Fatih Birol, who spoke on the release of a new IEA report, Golden Rules for a Golden Age of Gas: “Unconventional gas will fracture the status quo, and will be a complete game-changer with major geopolitical implications.”
The IEA released its first golden age of gas report almost a year ago. This version appears aimed at burnishing the IEA’s credentials as a paid-up member of the UN/NGO sustainability cabal, stressing that new gas producers need “social licence.”