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Perhaps serving as an ambassador is another calling for Heinberg. This affable demeanor shows in his acknowledgements section for Snake Oil , which credits the more than people who helped sponsor, edit and peer-review the manuscript.

Interview: Energy Investor Bill Powers Discusses Looming Shale Gas Bubble | HuffPost

Producing Snake Oil was an experimental and highly collaborative effort inspired by the notion of a "community engagement" model of publishing. The publisher is not a major mass-market house, but rather a non-profit think tank called Post Carbon Institute PCI , where Heinberg is a senior fellow. Its chief finding is earnestly expressed in its executive summary: "Despite the rhetoric, the United States is highly unlikely to become energy independent unless rates of energy consumption are radically reduced.

One theme that stands out in particular is the extremely high decline rates of the oil and gas wells to be found in shale fields. The reason for these precipitous declines is geological. With a conventional oil field, the composition of the rock is such that the field can be kept productive for decades even after its peak, using a range of advanced recovery methods.

The impermeability of shale rock prevents more oil and gas from flowing into the fractures to replace what was first collected. For a while now, it has been fashionable to promote shale gas as a climate-friendlier alternative to coal, which has long been deemed to be the dirtiest of the fossil fuels.


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However, Heinberg argues that the truth might actually be the other way around. It certainly is true that natural gas burns more cleanly in power plants than does coal plants that burn gas produce 56 percent less carbon dioxide than do plants that burn coal. But sadly, this statistic shows only part of the picture.

US Shale Gas Supplies won't Last Ten Years: An Interview with Bill Powers

It ignores the vast quantities of greenhouse gases emitted during the extraction of shale gas. Because natural gas is 20 to times more potent as a greenhouse gas than carbon dioxide, this is a huge deal. For example, he describes how, in the already water-stressed state of Texas, water has been denied to farmers because the demands being placed on it by fracking operations are so great. He also recounts some terrifying findings related to the radioactivity of produced water.

He cites studies showing that the produced water is highly radioactive—many times too radioactive to be dealt with at municipal treatment plants or safely disposed of in landfills. This raises the horrifying possibility that entire cities could end up drinking radioactive water. With oil and gas companies losing money hand over fist on U. Heinberg says that the ones benefiting are the Wall Street bankers who first inflated the shale gas market.

The losers are the oil and gas companies except for a lucky few that are operating in core areas of the shale plays and everyday people whose retirement accounts are being sacrificed for the sake of this latest speculative bubble. Get In-Stock Alert.

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Delivery not available. Pickup not available. About This Item We aim to show you accurate product information. Manufacturers, suppliers and others provide what you see here, and we have not verified it. See our disclaimer. What the frack - exploding the myth of the natural gas "one hundred-year supply.

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Cold, Hungry and in the Dark Exploding the Natural Gas Supply Myth

Write a review. See any care plans, options and policies that may be associated with this product. Email address. Please enter a valid email address. Relying on faulty science, bought-and-paid-for-white papers masquerading as independent research and "industry consultants," the "shale promoters" have vastly overstated the viable supply of shale gas resources for their own financial gain. Exhaustively researched and rigorously documented, Cold, Hungry and in the Dark : Puts supply-and-demand trends under a microscope Provides overwhelming evidence of the absurdity of the one hundred-year supply myth Suggests numerous ways to mitigate the upcoming natural gas price spike The mainstream media has told us that natural gas will be cheap and plentiful for decades, when nothing could be further from the truth.

Forewarned is forearmed. Cold, Hungry and in the Dark is vital reading for anyone concerned about the inevitable economic impact of our uncertain energy future. He has devoted the last fifteen years to studying and analyzing the energy sector. Get A Copy. Paperback , pages. Published July 2nd by New Society Publishers first published More Details Other Editions 3.

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Friend Reviews. To see what your friends thought of this book, please sign up. To ask other readers questions about Cold, Hungry and in the Dark , please sign up. Be the first to ask a question about Cold, Hungry and in the Dark. Lists with This Book. Community Reviews. Showing Rating details. Sort order. May 20, Joseph Spuckler rated it really liked it Shelves: oil-coal-nuclear.

He has published investment research on the oil and gas industry since Powers sits on the board of directors of Arsenal Energy and is the chairman of the board at Petroglobe, Inc. He has earned a bachelor of science degree in finance from Georgetown University.

US shale gas: game changer, or game over?

The book is divided into four sections covering just about all a person with a nominal background or knowledge in economics, geology, and a mind for reading graphs would want to know about natural gas. Formal education is not necessary to understand the book, but it reads like a case study rather than your average mass market energy book. Powers goes into great detail and backs up what he writes with seventy-five pages of documentation. The first section covers regulation of the gas industry through the Regan Era deregulation.