in the world, well behind Russia and Iran...but more importantly...since we are #1 in CONSUMPTION of NG, our Proven Reserves leave us with 12 years remaining.
When you get into "Estimated" reserves it would be wise to review this link as well...it's a bit dated (2011), but the reality of that time hasn't dramatically changed going forward (i.e. efficiencies, costs etc.)
https://slate.com/technology/2011/12/fracking-is-there-really-100-years-worth-of-natural-gas-beneath-the-united-states.html
With proven reserves of 12 years, is it wise to promise supply to the EU for an extended period...what happens when that runs out?...for them?...for us?...and as the Slate article mentions, the NG Industry at that time wanted to power all our Semi-Trucks with NG...that's a big investment in capital that needs assurance of ROI for many years to come.
A 'Prudent' planner would not bet the country's future on "Hope and a Prayer" that we'll have the resources we need for a very long time...not just for heat and power, but irreplaceable uses, like Plastics.
Link: https://www.worldometers.info/gas/us-natural-gas/
Please list your source(s)...mine (see link) say that the U.S. NG "Proven" reserves place us 4th
Replies to: "Please list your source(s)...mine (see link) say that the U.S. NG "Proven" reserves place us 4th"
- The 10-year is at a 12-year high and climbing. Interest on our debt will soon require 35% of tax - Cole - 6:51am 9/23/22
(15) [View All]
- Not looking too good and it’s global but we are still the cleanest shirt in the laundry. Not saying - PBHangingChad - 9:39am 9/23/22
- I'd feel better about it if we were drilling for oil. [NT]
- Cole - 9:55am 9/23/22
- Absolutely the EU is the market. Biden and the DOE is out to lunch. Use out assets. We have more LNG - PBHangingChad - 12:10pm 9/23/22
- Please list your source(s)...mine (see link) say that the U.S. NG "Proven" reserves place us 4th [LINK]
- TyroneIrish - 4:01pm 9/23/22
- Ty are you married and have children? If so do they roll their eyes with your charts. Just - PBHangingChad - 4:23pm 9/23/22
- You got what you wanted, no more Trump. Happy now! [NT]
- WestCoastIrishFan - 12:50pm 9/23/22
- Trump or Biden have no impact on the economy. He gets no credit or blame. You think - PBHangingChad - 1:01pm 9/23/22
- So Trump helped the economy. You can dislike the man and like his policies [NT]
- WestCoastIrishFan - 1:25pm 9/23/22
- I have been clear about that. He could have been a great president but he couldn’t change his nature [NT]
- PBHangingChad - 1:32pm 9/23/22
- but you constantly let your hatred for him cloud your judgement. You're better than that. [NT]
- WestCoastIrishFan - 1:39pm 9/23/22
- Listen. Why can’t we have both. Do you have friends in your life that you agree with but - PBHangingChad - 2:02pm 9/23/22
- but you constantly let your hatred for him cloud your judgement. You're better than that. [NT]
- WestCoastIrishFan - 1:39pm 9/23/22
- I have been clear about that. He could have been a great president but he couldn’t change his nature [NT]
- PBHangingChad - 1:32pm 9/23/22
- So Trump helped the economy. You can dislike the man and like his policies [NT]
- WestCoastIrishFan - 1:25pm 9/23/22
- Trump or Biden have no impact on the economy. He gets no credit or blame. You think - PBHangingChad - 1:01pm 9/23/22
- Please list your source(s)...mine (see link) say that the U.S. NG "Proven" reserves place us 4th [LINK]
- TyroneIrish - 4:01pm 9/23/22
- Absolutely the EU is the market. Biden and the DOE is out to lunch. Use out assets. We have more LNG - PBHangingChad - 12:10pm 9/23/22
- I'd feel better about it if we were drilling for oil. [NT]
- Cole - 9:55am 9/23/22
- It’s beyond Joe’s ability to fix it, but not to cause it. [NT]
- BaronVonZemo - 8:03am 9/23/22
- Joe is somewhere trying to balance his checking account. Unfortunately he has no clue. [NT] - PBHangingChad - 9:40am 9/23/22
- Or make it worse, which $500B-$1T in student loan forgiveness will. - Cole - 8:28am 9/23/22
- We should have been issuing 100 year bonds for the last decade. [NT] - Iggle - 7:36am 9/23/22
- Not looking too good and it’s global but we are still the cleanest shirt in the laundry. Not saying - PBHangingChad - 9:39am 9/23/22