Cornell University

Ezra's Round Table/Systems Engineering Seminar: Gasworld? Is Unconventional Natural Gas a Short-term Diversion, or a Paradigm Shift

Friday, September 9, 2011 at 12:00pm

Frank H. T. Rhodes Hall, 253

A systems approach to understanding the value and costs of a rapid transition to natural gas as the basis for future electric power systems

Recent forecasts of new reserve capacity from unconventional natural gas resources at competitive price levels suggest a looming fundamental change in power markets and other industrial applications dependent on long-term supplies of this fuel. In the case of the power industry, the opportunity to use natural gas beyond load-following or traditional peaking-response will have profound consequences on current facilities used for base-load power including hydroelectric, coal and nuclear. There are significant uncertainties associated with these new estimates of accessible natural gas reserves. However, if they are accurate, then a planning process that anticipates a transition from newly stranded capital assets to a more decentralized and distributed energy system must be developed. I discuss the nature of this process and how it must evolve with new financial and regulatory tools in order to be successful.

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Event Type



College of Engineering, Systems Engineering







Michal C. Moore

Speaker Affiliation

Institute for Sustainable Energy, Environment and Economy, University of Calgary

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