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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From: Mahatmabenfoo	6/15/2005 10:00:39 AM
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Natural gas will save us? If this is true, the picture is a lot less bleak than I thought. I thought gas was going to peak soon after oil (10 years) and then deplete much more quickly; but this article suggests there's enough gas around the the world to make up for oil peaking for awhile -- it just has to get moved around as LPN, which is still cheaper than moving an equivalent amount of oil energy. This may also explain T. Boone Pickens' otherwise strange comment that if he were energy Czar he could convert all cars to natural gas as a short term way of saving oil. The question becomes whether we'd use the extra time to make the transition to an economy that's self-sustaining. The question also becomes why the peak hysterics somehow omitted natural gas from their calculations. And I hear I am, with my underground fortress already half dug. - Charles ============ Demand for Natural Gas Brings Big Import Plans, and Objections New York Times 6/15/2005 EXCERPTS view.atdmt.com Just as the 19th century was shaped by coal and the 20th century by oil, people in the energy industry say, this century will belong to natural gas Natural gas, once scoffed at by oil companies as a nuisance when found alongside reserves of oil, is also thought to be more plentiful than oil. BP, the British energy giant, estimates global gas reserves at 67 years of supply at current production rates, compared with global crude oil reserves equal to 41 years of annual supply. Natural gas is expected to overtake coal and rival oil as the leading fossil fuel in the world by 2025 - sooner if the largest energy concerns get their way. They are pursuing more than $100 billion in projects to create a global market for gas that will be increasingly vital to generate electricity, heat and cool buildings, manufacture the fertilizers that help feed the world and even run some vehicles.

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