PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Mahatmabenfoo who wrote (393)	4/20/2005 2:21:01 PM
From: Raymond Duray	of 1183

NATURAL GAS -- The Gathering Storm Matt Simmons has several presentations on natural gas available here: simmonsco-intl.com Especially: simmonsco-intl.com This is a good place to start your study. Matt Simmons points out that conventional natural gas production actually peaked in the early 1970s, and that we have only been able to mask this event with unconventional gas, off-shore gas and imports. *** Re: Do you share the view that once it peaks, natural gas disappears much faster than oil after its peak? Yes, this is particularly true of Gulf of Mexico and unconventional production, where wells can have 50% of their eventual production extracted within the first year of production. This has the industry on quite a treadmill. *** Re: I know there are many estimates -- some say gas peak will be "5 to 10 years after oil peak". The real crisis is in North America. Worldwide, natural gas is still abundant. While I believe that we are at "peak oil", I also think that we won't be at world "peak gas" for another couple of decades. Matt Simmons, however, is not nearly as sanguine as I am about this. He thinks we're in deep dodo today.

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