Declining well production means less and less gas from more and more wells, say the enviros. Gas prices will increase and drillers will run out of money for new wells, they add.
Declining well production means less and less gas from more and more wells, say the enviros. Gas prices will increase and drillers will run out of money for new wells, they add.
Yes. Let’s hope we keep running out of energy at this rate for another hundred years.
Seems a bit dated already, what with the reserve estimates being doubled for the North Dakota fields, including a doubling of the estimated gas reserves.
Actually peak oil worked out pretty much as projected. Some years ago tar sands wee seen as impractical because oil would have to go to $40 a barrel.
Shale oil and gas were pleasant surprises.
How’s that “peak oil” thing going? They’ve been whining about that for a decade or so. Those evil oil companies just keep finding more new oil and extracting more from fields that were supposed to go dry, causing the ominous oil peak and decline.
Nor, actually, of the environment in most cases.
As gas prices rise, it will be easier to get funding for new wells. These people simply have no understanding of economics.