Shale Gas is transforming the energy world

Here's the chart.  And the upward growth shows no signs of stopping.  And this was all done with out a dime of Federal Subsidies.  The real risk is that all of the vested interests will combine to stop it.  Because the one thing that the Feds do well is destroy.

Matt Ridley has a great article here.  Key Graf:

The impact of shale gas in America is already huge. Gas prices have decoupled from oil prices and are half what they are in Europe. Chemical companies, which use gas as a feedstock, are rushing back from the Persian Gulf to the Gulf of Mexico. Cities are converting their bus fleets to gas. Coal projects are being shelved; nuclear ones abandoned.