is it true that there is only 15 years supply of natural gas left in the world?

Answer 1

Quite simply NO that is not true. There is plenty of oil and gas left. Enough to last your lifetime and probably most of your kids lifetime. However, the rate at which countries like China and India and other emerging economies are growing there is going to a strain on current levels of production. This is why there is a huge amount of activity in the exploration and drilling sector right now, we see this future demand and are working to compensate. However there are countries like the USA and Britian that consume much more than they produce, and the majority of their fields are depleted or on the down hill slope. This is why they must forge alliances, you didn't think they fight these wars just in the name of freedom, but that's another question. This is also why Bush has given the go ahead to drill in Alaska. We know where almost all the oil and gas is, now it's just a matter of getting it out of the ground. But we don't want to flood the market, because then everyone will think they can use as much as they want. Then there is the politics, pipelines,environment,etc. It's a delicate balance. Any way, Saudi Arabia is the largest producer of hydrocarbons and still has the largest reserves. Canada has the second largest reserves, but it is hard to produce because it is mostly tar sands. Iran is third(friendly with China), Kuwait is fourth, Iraq is fifth(soon to be friendly with USA) others among top ten Nigeria, Venesuala, and others I remember off the top of my head. In the future alternative fuels will have to be researched and put into common use. Some of these we see already, such as hybrid cars, fuel cells, corn oil,processed fish fat can burn in diesel engines. Nuclear fuel will be used for everyday power, solar power is not practical, takes up to much room, wind power is only practical on a small scale, and they need to be where it's windy, and since you lose power when it travels down lines, only windy places can utilize wind turbines. My personal favorite is hyrogen power. Although to volitile with current technology, it is abundant, powerful, and emission free. By product is pure water. All these will come to be as future governments covet what's left of the natural resources and we think about the environment a little more. But there will be oil and gas to heat your homes and run your cars for many years to come. So long as you got the money to fill the tank.

Answer 2

All of the GAS companies and auto manufacturers must be in good. The big gas companies raise the price of gas when they feel like it. Car manufacturers can build cars that get better miles to the gallon when laws are passed saying their vehicle must exceed a certain MPG. So this tells me that the gas companies must be regulated so they can't raise the price of gas when they feel it necessary during the holidays and summer vacation/travel times. It would be nice if we all could afford a hybrid vehicle that would get 50+ miles per gallon. Electric cars were being build back in the early to late 60's but a certain big money car company purchased the technology and for many years nothing happened with that technology. So, it depends who is controlling what. In the USA, if you got much $$$, and can influence someone, you can have it your way. That's the truth and that's my two cents.

Answer 3

The World Is Getting Hotter No Other Race In The History Of The World Has Taken It's Resorces. Take My Point If You Were
To Place A Dry Sponge In The Sun.

Answer 4

I think there is more to be exploited off-shore (yielding perhaps 50 years worth at our current rate of use), but understandably it is more expensive to get at. The higher expense will result in people using it less and switching to something else, like alchohol.

Ultimately we'll go to solar, wind, and nuclear. Managed properly, these are inexhaustible. The long-term problem is: what are you going to use for airplane fuel? Alcohol doesn't have the energy density of jet fuel. Airplanes will eventually disappear and we'll go back to ships, and the world will become a little more distant than today. When the fossil fuels are all consumed, global warming will reverse and cease to be a problem - this might come about in the next century.

Answer 5

I am not sure about the 15 years but I do know that then is not a lot of gas left

Answer 6

Based on current use and the probability of increased use over the next decade, the estimates are between 25 and 30 years before resources are exhausted. Likewise taking into account the exponential growth of the worlds population, it is estimated that there is approximately 50 years of food resources left.

Answer 7

Natural gas is a renewable energy source, seeing as how it is natural. And there is a lot of it in the world.

Answer 8

This is rumour, it is expected that more reserves have been or will be found as another user suggests.

But the fact still remains that these are NON renewable sources of energy, they are bound to run out it is just a matter of when and how we are going to replace them!

Answer 9

That is for the foreseeable future, but more confirmed reserves were found that exceeds this duration to about 30+ years.

Answer 10

At the rate it's being used now, yes.