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Old 06-19-2009, 07:22 AM   #1
johnnymk
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U.S. natural-gas reserves jump- -enough for 90 years

http://www.marketwatch.com/story/us-...ew-study-shows

NEW YORK (MarketWatch) -- U.S. proved natural-gas reserves have jumped 35% in the past two years to a level that could support the country's consumption for nearly 90 years, according to a new study released Thursday by an industry group.

Total gas reserves stood at 2,074 trillion cubic feet as of 2008, up from 2006's 1,532 trillion cubic feet, according to Colorado-based Potential Gas Committee. At current consumption levels of 23.2 trillion cubic feet a year, the reserves can support 89 years of consumption.

Most of the increase came from a reevaluation of shale gas reserves in the Appalachian basin and in the mid-continent, Gulf Coast, and Rocky Mountain areas, the PGC said. Not all underground reserves can be produced profitably
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Old 06-19-2009, 11:54 AM   #2
Butch
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There is enough solar energy to support the country's consumption forever. Not all solar energy can be captured and produced profitably.
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Old 06-19-2009, 03:13 PM   #3
johnnymk
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Quote:
Originally Posted by Butch


There is enough solar energy to support the country's consumption forever. Not all solar energy can be captured and produced profitably.

So how would you like to measure reserves?
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Old 06-19-2009, 05:37 PM   #4
guiseppewv
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Quote:
Originally Posted by Butch


There is enough solar energy to support the country's consumption forever. Not all solar energy can be captured and produced profitably.

Why do you need to thread crap?
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Old 06-20-2009, 01:55 AM   #5
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in other news today, scientist made a mistake of what kind of gas the reserves were...the natural gas turned out to be 89 years worth of helium, on a lighter note, everybody in Colorado is speaking with a higher tone.
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