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dpb dpb is offline
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Default Non-Oil Crisis - WE'RE SAVED!

J. Clarke wrote:
....

Hint--natural gas is not oil, and there does not appear to be a
natural gas shortage.

....

Watching the price of NG lately?

It went to $10 3 years ago or so and while it has dropped from those
highs, it's nowhere what it once was.

We're importing it and LPG gas as well.

Some or the largest reserves in the US are severely depleted and are
requiring extraordinary measures to continue to produce what they are
(like pulling vacuum, etc.) and what production there is is continuing
to decrease.

Many wells in this area that were drilled in the 50s and 60s and were
considered dry holes then were capped because they hadn't enough oil
production to pay are now being brought in as gas wells. But, those
aren't enough in production to make up for the far larger number that
are about tapped out...

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