Thursday, March 14, 2013

Melanie Sturm: Think Again

Discerning frack from fiction: what's relevant


Anti-frackers should learn this Keynesian lesson: “When my information changes, I alter my conclusions.” What's irrefutably relevant is that fracking has succeeded where renewable-energy subsidies, government stimulus and climate treaties have failed, potentially enabling cheap American energy to eventually offset China's cheap labor advantage.

Not for long if there's no molten salt reactors.  China's developing those and they're going to be cheaper than coal.  Fracking's is frickin' good thing, but it won't be a permanent solution.


No comments: