Natural Gas: Best "alternative" for U.S. going forward

Chesapeake Energy’s Aubrey McClendon said natural gas shale plays have forever changed the U.S. energy landscape, making gas a practical alternative to more carbon-dense forms of energy including crude oil and coal.
“We think, in time, that natural gas will move into the transportation network. We think we will convince Detroit and Washington D.C. to move aggressively on this front, either directly through compressed natural gas vehicles or indirectly through plug-in hybrids.” (Plug-in hybrid cars rely on electricity and today the predominant fuel at U.S. power plants is still coal.)
Chesapeake is a top lease holder in half of the four biggest U.S. shale plays, although McClendon’s estimates of gas reserves in those areas appeared to surprise — and surpass — another panel member’s estimates.
According to McClendon:
* The Barnett Shale holds up to 75 trillion cubic feet of natural gas.
* The Fayettville Shale holds at least 75 trillion cubic feet.
* The Haynesville Shale holds up to 500 trillion cubic feet.
* The Marcellus holds up to 1.5 quadrillion cubic feet.
“We think, over time, the Marcellus will become the largest gas field in the world,” McClendon said.
President Barack Obama’s administration, unlike former President George W. Bush’s, can re-think its energy and environmental policies with the idea in mind that natural gas is abundant, he said.
“Every other administration had to think about energy in terms of natural gas being scarce,” he said. “Natural gas is no longer scarce in the U.S. and will no longer be scarce. This is absolutely a bright line for this country.”