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To: BILL L who wrote (2997)5/26/1998 4:43:00 AM
From: ~digs  Respond to of 11850
 
Header: Facts about earth's energy resources (natural gas specifically)

Information obtained from Understanding Earth , copyright 1994

Remaining non-renewable world energy resources amount to about 320,000 quads (a unit of energy content):
Uranium 4.8 million tons= 154,000 quads (48%)
Coal 6.8 trillion tons= 135,000 quads (42%)
Shale oil 2300 billion barrels= 13,500 quads (5%)
Crude oil 1700 billion barrels= 9839 quads (3%)
NATURAL GAS 7400 trillion cubic feet= 7572 quads (2%)

Furthermore...
"The resources of natural gas are comparable to those of crude oil (as seen above) and may actually exceed them. Estimates of natural gas resources have been rising in recent years. Exploration for this clean fuel and geologic [gas] traps in new geologic settings have been identified, such as in very deep formations, overthrust belts, coal beds, tight (somewhat impermeable) sandstones, and shales.

The burning of natural gas releases less carbon dioxide per unit of energy (quad) than the combustion of coal or oil. It is less polluting, and is easily transportable. Natural gas from fields in Siberia for example, are piped to factories and homes in Germany. For these reasons, natural gas is a premium fuel. Natural gas accounts for about 25% of all fossil fuels consumed on the United States each year, most of it for industry and commerce (52%), followed by residential use (28%) and generation of electric power (18%)... American resources [of natural gas] should last about 35 years at current rates of use, probably longer with the tapping of accumulations in the new settings mentioned above..."

Hmmm, wonder what our ME geologist has been up to for the past few DECADES? The new management could have me holding on to this one for quite awhile. Go long on this one until you're convinced otherwise, IMO, it will be a wild ride.

fellow prot‚g‚





To: BILL L who wrote (2997)5/26/1998 8:58:00 AM
From: BILL L  Read Replies (1) | Respond to of 11850
 
A notice to all posters on SI:

1) Mr. Biggs/Leo/David W....all have no idea what they are talking
about. When you click on the next post and scroll down...just check who
it is from first and if any of the above aliases are shown...click the
next button.
2) Just-a-thought (aka JAT), please do not double space every post. It
is most annoying...I am now forced to take your posts as a grain of salt
due to your repetitiveness and lack of original thinking. My three year
old Labrador Retriever now knows that he shouldn't put a stop loss order
in before he goes for a walk.

Please people, just think of anything said by MB, Leo, or DW as
stupidity at its fullest. Ignore the post and do not respond to it.
I appreciate your time and use of bandwith and also your intelligent
well-thought out posts. Rocketman, although some may question your DD,
some of us really enjoy and take to note what you have to say.
Please keep up the fantastic work. I look forward to reading what you
have to say.

RevGslick



To: BILL L who wrote (2997)5/26/1998 10:58:00 AM
From: Mike Sobetzko  Read Replies (1) | Respond to of 11850
 
Bill,

I have 2000 shares.