Also there is a report I have seen that we have about 900 years of Frozen Methane at the bottom of the ocean that will be very disruptive in the whole energy schema
https://www.eenews.net/stories/1059978042
clip from the article above
The tests are being conducted in a methane hydrates formation located along the Nankai Trough off Japan’s south-central coast. Jogmec estimates that the site holds about 40 trillion cubic feet (tcf) of methane — enough to replace 11 years of LNG imports. Early estimates suggest that all of Japan’s offshore methane hydrates formations could hold enough natural gas to supply the country for 100 years.
While Japan was celebrating its success, a less-noticed assessment on America’s methane hydrate potential was published in a National Energy Technology Laboratory newsletter. The report by the Bureau of Ocean Energy Management estimated that methane hydrate formations along the U.S. East Coast contain 21,702 tcf of natural gas.
The greatest concentrations lie along the outer continental shelf from Rhode Island to North Carolina.
America’s Pacific coast could hold methane hydrates formations with an additional 8,192 tcf of natural gas, according to the report. An earlier analysis estimated that hydrate fields in the Gulf of Mexico could contain 21,444 tcf of natural gas.
That’s a total of 51,338 tcf of gas — a huge resource considering that the United States consumed 24.4 tcf of natural gas in 2011. Researchers are now analyzing data on the methane hydrates potential off Alaska’s Arctic shores.
Keep on truckin baby!
More good news!
In 1920, the U.S. Geological Survey estimated that “the world’s supply of recoverable petroleum” was no more than 60 billion barrels. It was wrong. The world has already produced 1,400 billion barrels of oil. Worldwide, there is about 1,700 billion barrels of oil in reserve – nearly a 60-year supply at current production rates. And the size of the ultimate resource is likely to be greater than 10 trillion barrels.
Peak oil predictions and other Malthusian prognostications of resource limits have failed repeatedly for decades….
Oil and other fossil fuels will continue to be our primary energy sources through the end of this century because they offer four great advantages. Compared to renewables, fossil fuels are inexpensive, reliable, abundant, and concentrated. The age of oil is far from being eclipsed. We have barely begun to exploit unconventional oil resources. The western U.S. alone contains at least 2 trillion barrels of petroleum in oil shale formations. At a current U.S. annual consumption rate of 7.2 billion barrels, that’s a 278-year supply.