Posted on 05/06/2009 1:51:42 PM PDT by decimon
Recently the Heritage Foundation posted an article on cap and trade on their blog. In the article, they talk about the potential of natural gas supply. I left a comment there and thought the information might be useful for anyone considering the same question. My thoughts on the article appear below.
Many people have heard conflicting numbers regarding the supply of natural gas in the United States. Most everyone who knows about U.S. natural gas supply would agree that the U.S. has abundant supplies of natural gas. So why the confusion? It’s because the natural gas industry uses different numbers, for different reasons, to describe supply. My bottom line: Someday the U.S. may stop using natural gas because something better may come along. But when that happens, I believe there will still be huge quantities of natural gas lying beneath U.S. lands and waters.
>
So how much natural gas do we have in the United States? The realistic answer depends on technology and economics.
(Excerpt) Read more at truebluenaturalgas.org ...
Isn’t it revealing that “technology and economics” are the keys? Not that we are running out of it?
I am a petroleum engineer who has started work in 1973. When I graduated that year, friends and family asked me why I was going to be working in the oil industry, as we would be out of oil in 10 years.
Now 36 years later I find that the world’s reserves of oil and gas are larger than ever, in spite of the fact that we produced huge amounts since then.
The fact is that the world is awash with oil and gas. We have plenty. The US is blessed with an abundance. Is it as cheap as Middle Eastern oil? No.
These so called renewables are a joke and do nothing for our security of energy supply nor cheap energy.
The cold hard fact is that the government will not allow oil and gas to be promoted in its vision of the energy future as it will benefit energy companies, which they abhor.
I think so, yes. There's no shortage of gold in the world but without some newer technology we can't get to it economically.
These so called renewables are a joke and do nothing for our security of energy supply nor cheap energy.
I see everyone thinking on a grand scale with regard renewables. Some, like solar power, may find their niche when you can pick up a kit at Home Depot.
Good common sense article.
I support the bill introduced in the U.S. House to encourage natural gas vehicles.
We have to stop sending billions of petrodollars to the throat-cutters.
I remember a local natural gas distributor powered his automobile with natural gas. Why isn’t Natural gas powered cars being mentioned as an option?
Some government entities, (cities like New York, for instance), have used CNG vehicles. But there's little to no refueling infrastructure for distance driving.
I would fear another ethanol fiasco.
I am sure it will require a lot of examination before we do anything. But, less us start the examination.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.