TheRealBull

Study: U.S. Has 118 Year Supply of Natural Gas

118 years my a**. Try within 10 years. Something else to think about...when natural gas runs out, its production drops off a cliff.

The problem with throwing out supply numbers is the fact natural gas use is accelerating. This is especially true when you start seeing it being used as an oil substitute to run everything our transportation system to powering the grid, to the creation of oil from the Canadian oil sands.

Folks, don't buy into these so called resource estimates that the media throws out as being fact. These numbers are deceiving because they are always based on our current rate of use rather than our never ending growth model we run our economy off of. They always, always, always leave out the most crucial factor in determining the actual supply: THE EXPONENTIAL FUNCTION. If we were smart, we would plan our actual use based on that principle. We would then have far more accuracy and better planning to mitigate potential shortfalls.

But alas we are short term thinkers, only concerned what next quarters profit will bring, living like there is no tomorrow. In the end we will pay for our exploitation and short sightedness.