I think he is way low and the prospect of the new fields being tapped is almost unlimited.
And then there are the Hydrates.
I think the chase after Methane Hydrates are going to slow down for a while. There has been some test production in Alaska already.
But with the amount of shale gas being released into the market, I don't think the economics for Methane Hydrates is going to be competitive until the world Natural Gas demand climbs significantly higher giving sustained support for higher natural gas prices.
But that is okay. We know it is there. We can get it when we are ready for it. Between now and then, industry will fiddle a bit with it trying to find lower cost methods to produce it.