52 comments on A Brief Natural Gas Update (It's Thursday)
Comments can no longer be added to this story.
| Show without comments | PDF version
52 comments on A Brief Natural Gas Update (It's Thursday)
Comments can no longer be added to this story.
| Show without comments | PDF version
Search The Oil Drum with Google
Support The Oil Drum
Recently on TOD:World
TOD:Campfire
TOD:Europe
- Peak Gold, Easier to Model than Peak Oil? - Part I
- Carbon Capture and Storage
- Oilwatch Monthly November 2009
TOD:Canada
- In this house, we obey the laws of thermodynamics!
- The Round-Up: October 24, 2008
- Compressed Air Energy Storage - How viable is it?
TOD:Australia/NZ
- International Energy Agency calls 'Peak' on OECD Oil Demand
- Australian Senate: Peak Oil motion defeated 31:6
- The Bullroarer - Friday 20th November 2009
TOD:Net Energy
Blogroll
Energy Sites
- The Coming Global Oil Crisis
- Die Off
- Dry Dipstick
- Energy Bulletin
- From the Wilderness
- Life After the Oil Crash
- Peak Oil Crisis
- Peak Oil News and Message Boards
- Powerswitch
- Rigzone
- Matthew Simmons
- Wolf at the Door
Environment & Sustainability Sites
- The Daily Green
- EcoGeek
- Eco Street
- Green Car Congress
- Green Options
- green.alltop.com
- Gristmill
- RealClimate
- Sustainablog
- Treehugger
- WorldChanging
Blogs
- Casaubon's Book
- Cleantech Blog
- Clusterf
k Nation (Jim Kunstler) - The Cost of Energy
- David Strahan
- Early Warning
- The Energy Blog
- European Tribune
- GraphOilology
- Health After Oil
- jeffvail.net
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Finance & Economics Blogs
- The Big Picture
- Calculated Risk
- The Crash Course
- Ecological Economics
- Econbrowser
- Environmental Economics
- Infectious Greed
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
Organizations
Peak Oil Primers
Beware email scams!
Beware email scams claiming to be from this site. We do not have any job openings. If anyone contacts you about a job at The Oil Drum, do not reply to them, and definitely do not give them any personal information or send them money. Read more here.
“What gets us into trouble is not what we don't know, it's what we know for sure that just ain't so.”
—Mark Twain
User login
Contact
- Content: editors at theoildrum dot com
- Tech support: support at theoildrum dot com
Personnel
- Editors: Nate Hagens, Gail the Actuary, Prof. Goose
- DrumBeat Editor: Leanan
- Contributors: ace, Engineer-Poet, Heading Out, jeffvail, JoulesBurn, Sam Foucher, Robert Rapier
- TOD:Campfire: Glenn, Jason Bradford
- TOD:Europe: Chris Vernon, Euan Mearns, Francois Cellier, Jerome a Paris, Luís de Sousa, Rembrandt, Rune Likvern, Ugo Bardi
- TOD:Canada: benk, Libelle
- TOD:ANZ: Big Gav, Phil Hart, aeldric
- Emeritus: Stuart Staniford
- Technician: Super G
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
The NEB just released a new outlook to 2030. Mr. Hughes stated that it went to press before they finished the 2007-2009 outlook, and so it is too optimistic (most data ends 2005 before the drilling activity took a steep drop). You can see the whole thing here:
http://www.nrcan.gc.ca/com/resoress/publications/peo/peo-eng.php
However, even this optimistic forecast shows natural gas production declining (but not nearly as much as Laherrere). And net exports drop over the whole period and Canada stops being a natural gas exporter by 2022. (pg 49). Clearly, this is not good for the USA. Canada is expected to start importing LNG to support further growth in NG use.
Also of note, it is clear the NEB does not yet know about EROI because they forecast NG prices to drop and then remain flat over the whole 2010 to 2030. Nor do they seem to know that Japan is paying $19 per MMBTU today. Since prices are set on the margin it seems implausible for prices to drop and then remain low while importing LNG.
http://www.platts.com/Natural%20Gas/Resources/News%20Features/gasdiverge...
US NG Demand is 3x higher than the whole world market for LNG. Does that sound like a situation for falling prices? I admit being a naive engineer, but that sounds like higher prices to me.
Has anyone analyzed the potential for government subsidies supporting drilling? It's a national security matter, after all. And I doubt taxpayers would object to paying a bit more on April 15th for keeping the lights on and the house warm.
I keep telling people to reinsulate, even before anything about veggie gardens. Need/plan to take my own advice soon as well...
Unfortunately that just causes the NG to run out faster at a lower perceived cost. It is very popular with oil companies however.
Generally subsidies need to be on the insulation side for older buildings/homes and tough regulation on new buildings. There is no reason new buildings need to use much energy to heat and cool.
I have decided to voluntarily send an additional 10% of my income to the Government to support additional drilling for natural gas.
We keep the house cool in winters, warm in summers - however I am worried that my fellow Americans' multitude of commercial and residential spaces - shall not be sufficiently HOT in Winter and COLD in Summer.
I encourage all right thinking Americans and Canadians to do the same.
May the force be with you.
youre kidding right? they have no allocation mechanism to do that-plus they would need millions. Your gesture is noble but maladaptive
Yes I am kidding and was being sarcastic.
- I think that we use an excessive amount of fossil fuels & the oil drum has a nice quote - ...burning oil for fuel is like burning a Picasso for heat...
- The scale of American consumption is mind boggling (all 20 tcf annual NG burning is ultimately used for HVAC - even in manufacturing facilities