Advanced Biofuels USA Correspondent Analyzes the Potential for a Reinvigorated US Shale Oil/Gas Industry in Recent Study
Bailout the US Shale Oil/Gas Industry or Fund Clean Sustainable Renewable Transportation? A new way of looking at the options.
Advanced Biofuels USA correspondent Robert E. Kozak analyzes the potential for a reinvigorated US shale oil/gas industry with and without government subsidies; and compares it to the potential for near-term growth of renewable sustainable clean, low greenhouse gas emissions liquid transportation fuels.
In "After the Fall: Rebuilding US Liquid Fuel Production - Invest in Our Land or the Shale Oil Fields?" Kozak, Advanced Biofuels USA's fuels/engines and policy expert, reviews recent experts' predictions about the trajectory of oil prices, analyzes how they went wrong and the current situation of debt and decline in the US shale oil/gas industry.
He sets out options for the future and explores the practical aspects of what it will take to re-establish domestic resources of transportation energy. Do we bail out the banks and financial institutions that bet on the fossil fuel sector and lost; or do we take this opportunity to replace dirty, polluting, high GHG fuels with clean, renewable sustainable ones?
Starting with Pope Francis' exhortation to develop "more diversified and innovative forms of production which impact less on the environment" Kozak proceeds to find the renewable option better for three reasons:
1) Flexibility due to the potential to repurpose renewable resources to better manage market fluxuations;
2) Less vulnerability to low-cost producers who dominate the world fossil fuels markets; and
3) The relative performance of the shale oil and renewable transportation fuels industries in 2015.
Kozak concludes that if the American renewable transportation fuels industry can succeed while the US shale oil industry is collapsing, it seems that the way forward to American liquid fuel independence and lower GHGs is through the land of America - biofuels and not shale oil.
Kozak brings a fresh view to the national and international discussion of this crucial element of public policy and private investment.
Read the full article here: http://advancedbiofuelsusa.info/after-the-fall-rebuilding-us-liquid-fuel-production-invest-in-our-land-or-the-shale-oil-fields-part-2-of-2/
Advanced Biofuels USA,a nonprofit educational organization advocates for the adoption of advanced biofuels as an energy security, military flexibility, economic development and climate change mitigation/pollution control solution. Our key tool for accomplishing this is our website, http://www.AdvancedBiofuelsUSA.org, a resource for everyone from opinion-leaders, decision-makers and legislators to industry professionals, investors, feedstock growers and researchers; as well as journalists, teachers and students.