Question

1. As a result of the natural gas boom in the U.S. brought on by refinements in the production for shale resources, the price of natural gas has fallen dramatically and is predicted to remain low for the foreseeable future. This dramatic shift has some environmentalists optimistic about the prospects for reducing future climate change, while it has other environmentalists more concerned than ever.

a. Briefly explain why low natural gas prices might be help to reduce greenhouse gas emissions.

b. Briefly explain why low natural gas prices might make the reduction of greenhouse gas emissions more difficult.