by Doug Allen
Concerns about shale gas resources hindering renewable-energy development are likely overblown:
[R]ather than replacing renewables, the [Citigroup] analysts suggest that the shale gas industry will actually be dependent on the broader deployment of wind and solar for its future. … Far from competing with each other, [Citigroup] suggests renewables and shale gas will be co-dependent as the world’s energy systems are weaned away from the baseload model that has dominated the industry for the last century. That is until forms of dispatchable renewable energy, such as solar thermal with storage, and technologies such as smart grids, push gas out of the market.