Source: Forbes – November 29, 2019
As the world’s demand for power grows, data shows Natural Gas use and demand will grow as the most efficient and cleanest source of energy.
As the world becomes more environmentally-conscious and focused on lowering emissions, the most popular topics are electric vehicles and using electric heating. A deep dive into the numbers and feasibility of achieving a more electric infrastructure points to the obvious: higher overall electric power consumption, primarily fueled by natural gas. Natural gas is a proven, cheap, reliable, and flexible source of power. Natural gas supplies 40% of U.S. electricity generation, up from 20% a decade ago.
Amidst the fog of the narrative that we will be switching to only clean energy and getting rid of fossil fuels, it pays to be realistic in your assumptions, and reality is that the electrification of U.S. infrastructure will increase natural gas demand.
Full Article: Forbes (November 19, 2019)