Saturday, May 15, 2010

Canada, US, Each Has 100 Years of Gas Reserves

Canada Has 100 Years Worth of Natural Gas:
Canada has enough natural gas in place to maintain current production for nearly a century, according to a study released on Wednesday.

The Canadian Society for Unconventional Gas estimates there are between 700 trillion and 1,300 trillion cubic feet of recoverable gas reserves in conventional and unconventional plays such as shale, tight sands and coal-bed methane... _EconomicTimes_via_EnergyTribune

US has 100 years worth of shale gas
...the United States possesses a total resource base of 1,836 trillion cubic feet (Tcf). This is the highest resource evaluation in the Committee’s 44-year history. Most of the increase from the previous assessment arose from reevaluation of shale-gas plays in the Appalachian basin and in the Mid-Continent, Gulf Coast and Rocky Mountain areas.

“The PGC’s year-end 2008 assessment reaffirms the Committee’s conviction that abundant, recoverable natural gas resources exist within our borders, both onshore and offshore, in all types of reservoirs,” said Dr. John B. Curtis, Professor of Geology and Geological Engineering at the Colorado School of Mines and Director of the Potential Gas Agency there, which provides guidance and technical assistance to the Potential Gas Committee.

Exploration for shale gas and other unconventional forms of natural gas has just begun, globally. As Europe, China, India, and other countries and regions begin to develop their respective unconventional gas and other fossil fuel reserves, the oil dictatorships in the Persian Gulf, South America, and Russia, will lose significant income.

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