Richard Heinberg at the Vancouver Planetarium
10 Nov 2000 | |
View all related to Climate Change | Oil
View all related to Richard Heinberg
We are not ready for the global peak in oil production, which is likely to occur sometime between 2004 and 2010. Natural gas situation is, if anything, even more dire. Natural gas, again, this is from Exxon-Mobil, natural gas demand is increasing more natural gas electric generation plants being built in the States and so on. But natural gas discovery has already peaked. The typical natural gas well in the U.S. is 60% depleted within the first year. That means the industry is running at breakneck speed just to stay even with demand. U.S. natural gas well productivity going down, U.S. imports of natural gas are therefore increasing. This shows 15.4% in 2000, now it’s well up past 16% and where is that natural gas coming from? One guess – Canada.