The cheap natural gas revolution happened b/c of far-sighted people like Trump who fostered
<><>modern drilling technologies –
<><>including horizontal drilling and fracking
<><>better and better technology
<><>to keep the price low for many decades to come
<><>the pace of US drilling technology advances far outpaces the pace of depletion.
<><>America’s natural gas supplies are limitless – a bottomless well.
<><>America’s natural gas supplies are limitless – a bottomless well.
Are you a petroleum geologist? I am at the PhD level, have been in Ops,exploration,frack engineering, reservoir characterization,salt water disposal,brine production, frack sand production. Worked for the majors and some major independents over a 20 year career still consult today.
That said you can take my words as not only expert but an active industry expert.
The world has 47 years of technically recoverable reserves left. That is at any price. Why? There is 8 billion of us and everyone everywhere is extracting at rates that cannot be sustained. Owen posted the real world numbers from BP at one point I personally worked on those number for BP. Shale gas turned around a massive decline in USA gas production it’s only temporary the shales are the source rocks the seed corn if you want an analogy once that’s depleted there will not be anymore.
Now people will say abiotic oil and as an industry expert and a honored member of Tau Sigma,AAPG,SEG,DGS, and multiple Universities staff researcher. No where anywhere on earth has any research team or individual proven , presented or had peer reviewed by any of the petroleum research societies abiotic oil. I have never seen a presentation at AAPG or SEG over twenty years of membership that proves let alone via peer review.
Humans are burning out 400 million years of fossil sunshine in just over 200 that by definition is unsustainable and it’s cold hard mathematical fact. The real truth is boomers don’t want to change their lifestyle so they refuse to look at the very real problems of resource depletion and resource management with respect to an overpopulated planet of 8+ billion souls. The climate commies have latched on to the very real issue resource management as a means to further their agenda th st doesn’t make the real issue of we will run out of easy to get hydrocarbons in 50 ish years far less when another four billion in Africa,Asia and India all demand to burn their share of whats left.