How can you convince people to risk their vital resources, diminish their quality of live and risk health and safety?
Policy makers have not embraced wide use of natural gas, in part because U.S. production was declining until the recent discoveries.
“In order to promote greater use of natural gas, you’ve got to convince people it’s abundant,” said Newfield Chairman and Chief Executive David Trice, who will serve as chairman of the new coalition. Mr. Trice said he and other industry executives began talking last year about the need for a louder voice in Washington.
How much natural gas do we really have? Are we destroy our planet for only 10 more years of fossil fuel addiction? Is this “clean” energy bridge fuel the biggest Boone-doggle of all?
Notice the last three lines? Total natural gas reserve is 1747.47 TCF. But only 211.09 TCF is proven reserve. The other 1536.38 TCF is unproven and undiscovered natural gas.
How do you even know that part of undiscovered natural gas reserves even actually exist in the first place? Even if it does exist, which could be a long stretch, undiscovered natural gas reserves are irrelevent until they are actually discovered and actually produced.
I believe we are facing a looming North American natural gas crisis. The currently known reserve is going to run out in 10 years. The “undiscovered” reserves of natural gas, assuming they do exist, have not been discovered in more than half a century of North American natural gas exploration activities. What are the odds that they could be discovered in the next 10 years? The odds don’t looking very good. Look at the pace of new natural gas field discoveries in recent years, it surely does not look encouraging at all.