Sunday, March 28, 2010

100 Years of Natural Gas Supply from Shale? It’s More Like 6 Years.

100 Years of Natural Gas Supply from Shale? It’s More Like 6 Years. - Petroleum Truth Report

I'm not a Petroleum Engineer, but it's intriguing to see some evidence out there that the gas market may tighten much faster than many analysts would have us believe.

I'm not just throwing this out there as an attempt to grasp at any straw that supports Northern Pipeline construction; there is a legitimate debate going on out there to suggest that there may be some funny numbers out there in the shale gas game.

Let's remember that shale is still relatively new. It involves some different exploration and production techniques, and may well have a different production profile (and lets not even start on the potential environmental issues). We don't totally know, because the models only show us so much, and a number of players have some pretty strong motivation to stick to the best case scenarios to attract investment.

1 comment:

  1. Given the choice between the process invovled for getting gas from shale and turning a knob to get it from up north....

    Hm. I wonder which one people would pick.

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