Natural gas is a cleaner fuel than coal but it is not as clean or safe as nuclear, wind and solar.
The US now gets 45 percent of its electricity from coal, 25 percent from natural gas, 20 percent from nuclear, 7 percent from hydro, and 2 percent from wind. Solar barely registers. With current technology, wind and solar probably can’t reach into double digits, let alone bear the bulk of the load.
After almost selling his company during the late-’90s doldrums, Aubrey McClendon dramatically switched strategy and wagered Chesapeake’s future on shale. (A few years later, he lost much of his personal fortune during the financial crisis of 2008 before gaining it back.) Today, Chesapeake is the most active driller of new wells in the U.S., with 177 rigs in operation. It is the country’s second-biggest overall producer of natural gas, behind only ExxonMobil, which announced in late 2009 that it would join the gas rush by buying XTO Energy for $41 billion. Anadarko Petroleum (APC) is the third-largest producer, followed by Devon.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks