Coal reserves have plunged. And natural gas reserves have soared. It might seem like divine intervention by carbon-hating gods. But it raises some questions. Reforming natural gas into hydrogen is one of the cheapest way of making hydrogen, and it’s a process that could be powered with by renewable energy. With natural gas supplies so plentiful, and prices bound to stay low for a long time, will the US reverse its decision to cut off funding for hydrogen fuel cells? (See my overview of fuel cell technology.) Will this give a boost to the Pickens plan?
The WSJ blog has a discussion of some of these topics.
I haven’t thought deeply about what this glut of natural gas might mean. If you have any thoughts about it, I’d love to read your comments.