MagSeal said:
But my question about the LNG was how much is in the ground, not how much it costs. I suppose if everyone uses LNG it will eventually run out at some point too.
MagSeal
I am not in the oil business so I do not know enough to make an inventory of the world's natural Gas reserves. I do know that fossil fuels are a finite resource that has been around for millions of years and mankind is going to finish it off less, much less then two centuries after that source of energy was discovered and put to use.
I see this as a dramatic event for the future generations if an affordable alternative can't be found in time to compensate fossil fuels scarcity.
About your question I have no idea of what is left on the ground, but I now something that can give you a clue.
Qatar in the Persian Gulf has proved reserves of natural gas that exceed 7 trillion cubic meters, more than 5% of the world total, third largest in the world. This country has a huge off-shore field just North and NorthEast of the contry that starts in the costline more or less where the city of Ar Ruways is that has a gazillion of cubic meters of gas so big that the number doesn't make any sense. However, the person that wrote the article about it said that, THAT field alone is enough to warm-up all American homes for a century, but as you see it accounts for 5% of ALL World reserves.
This field is an exception in terms of size can give you an idea of the other 95% that exists.
This is all I can say, but as always I can give you a link that says more
The Qatari government celebrated twenty years of independence in September 1991 with the inauguration of Phase One of the North Field development project. The gas project, in a 6,000-squarekilometer field off Qatar's northeast coast, is supervised by Bechtel of the United States and by Technip Geoproduction of France. The project marks a major step in Qatar's switch from a reliance on oil to gas for most of its revenues. The North Field is the world's largest natural gas field, and its exploitation will place Qatar in the top ranks of the world's gas producers. Natural gas from other fields provides fuel for power generation and raw materials for fertilizers, petrochemicals, and steel plants. With the expected depletion of oil reserves by about 2023, planners hope natural gas from the North Field will provide a significant underpinning for the country's economic development.
Qatar Economy - Oil and Natural Gas
You see Qatar expects to run out of oil by 2023.
The North Sea is also being depleted fast as well as many other places and what is being discovered is a lot less then what it is spent. So the day when we will have to learn to live without oil is fast approaching and a lot of people think that SUV's are great... :down:
BTW do you like horses and horse riding ?
😛