The future of U.S. energy is lining up to be a battle between shale gas and renewables, a development which might leave U.S. nuclear energy in the dark. According to Goldman Sachs analyst Michael Lapides, lower energy prices driven by the U.S. shale gas revolution is forcing the retirement of nuclear energy plants.

U.S. wholesale power prices are down 45–70 percent at major hubs since the 2006–2008 period. The primary victims have been coal plants, which have been pressured by environmental costs, and nuclear plants.

The process of replacing nuclear energy as plants go offline is bad news for environmentalists, but it’s good news for natural gas investors.

“Our analysis implies natural gas demand would increase by 0.4–7.6 Bcf/day (vs. 2015 levels of 75.3 Bfc/day) — albeit over a 20–30-year time horizon,” Lapides explained.

He noted…

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