Natural Gas Stocks: The Ultimate Form of Stored Solar Energy [View article]
On the contrary, Mr. Shaefer, we do have a pretty good idea as to how much oil and natural gas is left to be found. As far as the bell shaped curve is concerned Mr. Hubbard did not take into consideration Prudeau Bay or offshore which at the time of his prediction was not even a dream. With that said the curve is not bell shaped. Also he did not consider the impact of a population of 3 billion people growing to 6 billion today nor did he incorporate growing demand. What is disturbing to me is that most of the natural gas found to date has been vented or burned off at the wellhead because of a lack of a market or facilities to gather the gas. I believe I read that North Dakota produces about 85 million cubic gas per day with no market, no gathering system. Is it a coincidence that the drilling for natural gas today is in areas of existing pipelines, population centers and facilities?
Natural Gas Stocks: The Ultimate Form of Stored Solar Energy [View article]