Energy Milestone: Natural Gas and Coal Had the Same Share of Electricity Generation in April
The Energy Information Administration reported this week that for the first time since it began keeping monthly records, "natural gas and coal had the same share of total net generation of electricity at 32% during April 2012 (see chart above)."
This is one more reason that America's natural gas windfall represents "one of the most important developments for the economy in the last 60 years," as I reported earlier today. In the process of creating thousands of jobs and saving natural gas customers billions of dollars, the shale revolution has also significantly reduced carbon emissions as electricity producers have switched from dirty coal to clean, cheap natural gas. It's really no exaggeration to say that the United States really managed to "hit the energy jackpot" with shale gas.
HT: Robert Kuehl