Natural Gas Will Kill Renewables



"Natural gas produced from shale will kill the economics of renewable energy in the coming years, according to a report from Reuters. As solar and wind prices continue to fall, natural gas will stay on top. Because even if, say, offshore wind costs the same as natural gas by 2015 (as predicted by German utility E.ON), there is still an extra cost of building backup power for when the wind doesn't blow. As long as prices are cheap, it's simply easier for utilities to opt for always-on fossil fuels instead of intermittent renewable sources."


http://www.reuters.com/article/2011/06/16/us-energy-summit-costs-idUSTRE75F44D20110616