David Victor Quoted in Business Week
Betting Big on a Boom in Natural Gas
Steve LeVine and Adam Aston, Business Week
The supply estimates for natural gas are so vast and the plunge in prices so steep that they're forcing business leaders to rethink their long-term energy strategies—quickly. Utilities are debating whether to retrofit coal plants for gas. Big corporations such as AT&T and UPS are beginning to convert large truck fleets from oil-based gasoline to natural gas. Even renewable-energy players are jumping in: As they try to coax more power from unpredictable wind and solar generators, they're finding that inexpensive natural gas helps keep their output steady.
It's not certain that the gas boom will fulfill its promise. "We don't know if it will be truly awesome or only theoretical in its impact," says David G. Victor, a professor and energy expert at the University of California at San Diego.
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