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Prairie Daily Herald-Tribune • Tuesday, Grande PrairieGrande Daily Herald-Tribune • Tuesday, May 17, 2011 May 17,
Gas predicted to rule roost as renewable grows: Study Natural gas will become the world’s most used fuel as countries make the transition to renewable sources and that points to long-term gains in shares of gas producers, a newly established Canadian investment bank said recently. In a report, AltaCorp Capital Inc. said that without heavy subsidies, most renewable energy is currently too expensive to make a
major dent in the use of fossil fuels, which could remain the main energy source into the next century. AltaCorp analyst John Mawdsley said: “We need to be clear that we’re going to be driven to use hydrocarbons for a long time yet. “Coal, natural gas and petroleum account for 84% of energy use globally.” –QMI Agency
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