The newfound abundance of natural gas carries with it a few main issues, some good, some bad, which I abbreviate as follows:
1) Good news: It holds the potential to lessen the cost and environmental impact of our energy consumption for at least the short term.
2) Bad news: That lowering of costs will make the R&D of renewables less attractive. The consumption of natural gas, a fossil fuel, increases the concentration of CO2 in our atmosphere, contributing to climate change. To the degree that natural gas reduces our exploration of clean energy sources, it’s actually causing more harm than good overall.
3) Bad news: Fracking, which makes the whole enterprise of natural gas so appealing, is highly controversial. I hope you’ll take a few minutes and check out this video.