The Oil Drum

15 comments on The Round-Up: November 3rd 2006

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porsena on November 3, 2006 - 3:09pm

Yesterday's presentation by Encana to a financial audience included an interesting slide on the replacement of production with new reserves in the gas industry. The figure seems at variance with the prevailing view of an imminent shortage. While the majority of companies it shows are American, that's where most of the gas is.

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porsena on November 3, 2006 - 3:18pm

Neither does the EIA think that Canadian gas exports are about to "fall off a cliff".

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roel on November 3, 2006 - 3:56pm

From 3.5 tcf in 2002 to 1.5 tcf in 2018 may not look like a cliff to some, but how steep does it have to be to deserve the name?

And they still won't even get the 1.5, I'll bet. People think gas drops like oil, but it goes much faster.

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porsena on November 3, 2006 - 5:12pm

Well, a ski slope then, and an easy one at that. With no lift and no helicopter to get us back up, we can hope that the lodge at the base is still comfortable, albeit less luxurious than the one at the top.