The beat-down that U.S. natural gas prices have gotten from shale production is "perhaps the best possible news for the U.S. economy," energy author and lecturer Robert Bryce told a Houston audience last week. The Manhattan Institute fellow predicted that over the next century, natural gas will continue to take more of the energy stage from coal and oil.
However, Bryce -- author of Power Hungry: The Myth of "Green" Energy and the Real Fuels of the Future -- is far less enthusiastic about renewable energy, particularly wind power. During a speech at Bentek Energy LLC's Benposium, Bryce lamented the spread of scientific illiteracy and innumeracy, which he says have allowed unjustified support for wind power and corn-derived ethanol.
"Who here is in favor of dirty energy?" he asked the audience. "But 'clean energy' has become a proxy phrase for carbon legislation, for cap-and-trade...for what are now politically unpopular ideas."
Bryce's preference for hydrocarbons and nuclear power is based largely on the large energy density advantage they hold relative to wind power and plant-based fuels.
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