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  • The 'Peak Oil' Myth: New Oil Is Plentiful [View article]
    as oil production goes on and we spend more energy on getting the oil....NG is going to have one hell of a ride up. NG is used for oil sands production.....tar sands, bio-diesel refining, ethonal refining, etc.

    As the EROEI declines....More NG will be used.....you can see that NG inventories are building less slowly than proceeding years.....either from more demand from the public, more from oil companies, or a mixture of both. Should be interesting if we produce vast quantities from oil sands in the future...what effect that will have on NG prices...and the inventory of NG. NG production is declining in the USA....and I am willing to bet Mexico and Canada will start declining soon. LNG prices are higher than $13/MCF....going higher.
    Jun 24 08:23 am |Rating: 0 0 |Link to Comment
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