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October 08, 2009
Got Gas?
Yes we have gas. Lots of gas. Lots of natural gas. Last October, just as the economy was tilting into crisis, a small oil and gas company in Houston quietly announced the discovery of a mammoth natural gas field in South Texas that at any other time might have garnered bigger headlines.Just how much gas is there in the new fields using the new methods? Recently discovered U.S. shale plays, including the Haynesville in Louisiana and Marcellus in Pennsylvania, are expected to provide a major boost to U.S. natural gas supplies in coming years. The dense rock formations, once thought too difficult to explore, have been unlocked with the help of recent advances in drilling technology.That is a lot of gas. But really what does the new gas situation look like from a longer term perspective? After declining for 15 years, U.S. natural gas production is finally on the rise, thanks to new technological developments that make it possible to draw large amounts of gas from deposits previously thought to be unreachable. An increase in natural gas production of the magnitude many industry insiders predict could do wonders for business, the environment and even U.S. energy independence.And that is just from the gas found so far. I have seen estimates that go as high as 100 years for the total amount of gas available with current methods. More than enough time to get fusion or even economical wind/solar/storage going. And if Thomas Gold's The Deep Hot Biosphere : The Myth of Fossil Fuels theory is correct we may have much more than 1,000 years of gas and oil available if we can drill deep enough. Now that would make our transition off fossil fuels very comfortable. Time and a few very deep exploratory wells will tell. Cross Posted at Power and Control posted by Simon on 10.08.09 at 07:20 PM |
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