Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Whatever. Luckily, we have plenty of natural gas.

A study completed by the Potential Gas Committee, a group of academics and industry specialists supported by the Colorado School of Mines, recently completed its biennial report on natural gas reserves. According to an article in the New American magazine, "estimated reserves rose to 2,074 trillion cubic feet (Tcf) in 2008, up from 1,532 Tcf in its 2006 report." The amount of energy contained in over two trillion cubic feet of natural gas is more than all the energy contained in all the oil in Saudi Arabia.

The New American Magazine writes, "current U.S. usage is about 25 Tcf per year, thus new reserve figures suggest at least 83 years at current usage. But this figure is certainly low."


http://www.huffingtonpost.com/t-boone-pickens/natural-gas-and-plenty-of_b_248242.html

What this means is that a shortage of fossil energy, and associated calls for energy independence, is NOT going to be a driver for reduction in CO2 generation, as some hope...

by asdf on Sat Aug 8th, 2009 at 09:25:19 AM EST
For example, you can already buy a perfectly good car that runs on your domestic natural gas supply...

http://automobiles.honda.com/civic-gx/

by asdf on Sat Aug 8th, 2009 at 09:29:27 AM EST
[ Parent ]
Being able to "go around standard gas stations" is a bug, not a feature.  The problem is being able to FIND a station at which to gas up.  Consequently, the vehicles are mostly restricted to local fleet service use.

I wish Pickens well on his endeavors in this regard.  Natural gas in the US appears to be abundant and is  less polluting than any other fossil fuel, but there are infrastructure problems to overcome.  These should not be too difficult for any gas station that is connected to or adjacent to a natural gas distribution system.  All that would be needed is a compressor and a dispenser system.  Put CNG "pump" over by the compressed air and water, please, for starters.

But this needs to be rolled out on a regional basis, at a minimum.  CNG stations would also need to be required for all gas stations adjacent to freeway off-ramps.  While it might seem ridiculous that one is not able to get gas at a gas station, that is currently the case.  Changing that will be like reforming health care.  Vested interests could give a damn if the countries economy is strangled by overpriced oil if the solution puts them out of business or results in a serious drop in their capitalization.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Aug 8th, 2009 at 04:15:11 PM EST
[ Parent ]
Canadian gas.  And natural gas fields do not decline:  They fall of a cliff.  

For now there is gas.  But no one knows when the end will be.  North America will simply run out--well before Asia.  

The Fates are kind.

by Gaianne on Tue Aug 11th, 2009 at 06:16:21 AM EST
[ Parent ]
We'll soon be able to run our cars on farts.

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Migeru (migeru at eurotrib dot com) on Tue Aug 11th, 2009 at 06:21:55 AM EST
[ Parent ]
asdf:
new reserve figures suggest at least 83 years at current usage
That's
60 years assuming a 1% per annum growth rate of usage;
49 years at 2% growth;
42 years at 3% growth;
37 years at 4% growth;
33 years at 5% growth.

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Migeru (migeru at eurotrib dot com) on Tue Aug 11th, 2009 at 06:28:42 AM EST
[ Parent ]

Display:

Occasional Series