Sunday, January 21, 2007
Canada and Natural Gas
I comment so much on Peak Oil that we lose sight of natural gas. Touring sites I haven't paid enough attention to brought me to this article about an expected drop in Canadian NG exports. This is due to the economics of drilling for NG, and the article lays it out very nicely. But consider this, 50% of Canada's NG comes to us. That could change if Canada needs to keep more gas to herself, whatever the reason. You'll note the expected impact on prices with just this adjustment. When NG peaks, about 10 years after PO, we can expect more serious adjustments to occur.