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14 comments on The gas supply situation is not getting much clearer

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westexas on January 27, 2006 - 12:55am

Note the pattern--export capacity is being squeezed from two directions, by increased domestic consumption and by declining production. I think the same thing is going to happen to the oil markets this year, resulting in a ferocious shortage of oil export capacity.

Consider the math. Assume a country producing 20 BCF per day, consuming 10 BCF and exporting 10 BCF. Assume that production drops by 25%, or 5 BCF. Therefore, a 25% production decline results in a 50% drop in exports.

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Luis de Sousa on January 27, 2006 - 3:40am

The same for oil!

This a matter we'll have to look carefully in the future: Peak Oil Exporting.

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“If kindness and comfort are, as I suspect, the results of an energy surplus, then, as the supply contracts, we could be expected to start fighting once again like cats in a sack.”

—George Monbiot