404. 100 YEARS OF NATURAL GAS
Rigzone reports some very important news:
Boone Pickens puts that volume in perspective:
The amount of natural gas available for production in the United States has soared 58% in the past four years, driven by a drilling boom and the discovery of huge new gas fields in Texas, Louisiana and Pennsylvania, a new study says.
The report, due to be released Thursday by the nonprofit Potential Gas Committee, concludes the U.S. has more than 2,000 trillion cubic feet of natural gas still in the ground, or nearly a century's worth of production at current rates. That's a 35.4% jump over the committee's last estimate, in 2007, of 1,532 trillion cubic feet, the biggest increase in the committee's 44-year history.
The 2,074 trillion cubic feet of domestic natural gas reserves cited in the study is the equivalent of nearly 350 billion barrels of oil, about the same as Saudi Arabia’s oil reserves.For those who aren't up on the history: this is a case where the "peak oil community" has egg on its face about an inch thick. In Aug. 2003, Matt Simmons stated that natural gas armageddon for the US was a certainty within 2 years. Now, here we are 4 years later, swimming in veritable seas of the shit. Read the history, folks. The man is a stooge.
While we're at it, let's also recall that the entire "peak oil community" bought into the "natural gas crisis" hook line and sinker:
Matt Simmons, Dale Allen Pfeiffer, mobjectivist, Julian Darley, Culture Change, dieoff.org, LATOC, Post Carbon Institute, Energy Bulletin, The Oil Drum etc. etc.
And the crisis never came. In fact, the result was exactly the opposite of that predicted.
This huge surge in NG supplies is very important, and very good news. As Robert Rapier says: "It also appears that we have enough natural gas available that civilization isn't going to end any time soon due to lack of energy supplies."