Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (71448)	8/10/2016 2:28:49 PM
From: Brumar89	1 Recommendation Recommended By TimF Respond to of 86356

Carbon emissions lowest since '90s thanks to fracking By John Siciliano • 8/9/16 3:00 PM The boom in natural gas from fracking is reducing carbon dioxide emissions blamed for driving man-made climate change, the federal government said Tuesday. Carbon emissions from fossil fuels are projected to be less than 5.2 billion metric tons this year, the lowest since 1992, said Adam Sieminski, the head of the Energy Information Administration, the Energy Department's statistical and analysis arm. "The drop in CO2 emissions is largely the result of low natural gas prices, which have contributed to natural gas displacing a large amount of coal used for electricity generation," he said, commenting on the agency's latest monthly energy forecast released Tuesday. The U.S. natural gas supply has surged over the past few years as a result of the shale oil and gas boom and the use of the drilling method known as fracking. The process, formally known as hydraulic fracturing, involves the use of horizontal drilling to extract fossil fuels from large rock formations deep underground. Drillers use a mix of water and sand to crack the shale rock to release oil and gas. The nation is actually oversupplied, which has kept natural gas prices low and has driven power companies to use more of the fuel to produce electricity. Sieminski also said that wind power is increasing, which also will reduce U.S. greenhouse gas emissions. Wind power is projected to account for 6 percent of power generation next year, with solar providing about 1 percent, Sieminski said. http://www.washingtonexaminer.com/carbon-emissions-lowest-since-90s-thanks-to-fracking/article/2598946