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spectras only
10-10-2007, 09:08 AM
Tom and Hooli , is this true ? :)
An Alberta woodpecker and a Saskatchewan woodpecker were arguing
about which place had the toughest trees. The Alberta woodpecker said
Alberta had a tree that no woodpecker could peck.
The Saskatchewan woodpecker accepted his challenge and promptly
pecked a hole in the tree with no problem. The Alberta woodpecker was
amazed.
The Saskatchewan woodpecker then challenged the Alberta
woodpecker to peck a tree in Saskatchewan that was absolutely im-peckable (a
term woodpeckers like to use). The Alberta woodpecker expressed
confidence, said he could do it and accepted the challenge.
So the two flew to Saskatchewan where the Alberta woodpecker
successfully pecked the so-called impeckable tree with no
problem.
Both woodpeckers were terribly confused. How is it that the
Saskatchewan woodpecker was able to peck the Alberta tree and the Alberta
woodpecker was able to peck the Saskatchewan tree, yet neither was able to
peck the tree in their own province????
After much woodpecker-pondering, they both came to the same
conclusion:
Apparently your pecker gets harder when you're away from
home!!!!

yopengo
10-10-2007, 09:37 AM
:eek: :D

hoolign
10-10-2007, 10:43 AM
Lmao~

spectras only
10-10-2007, 10:45 AM
Hooli , what's the inside info on this one :idea:
The Decline of Canadian Natural Gas
By Keith Kohl
Baltimore, MD-Peak natural gas will become a major problem over the next decade. Canada's natural gas industry is in jeopardy. And with the U.S. being so dependent on Canadian gas, this puts our economy at risk from the resulting shortfalls.
The North American natural gas market hinges on Canada, which exports half its gas production to the United States. In turn, the U.S. supplies Mexico with over 17% of its demand.
And Canadian gas exports have grown immensely. According to the Canadian Gas Association, they increased over 306% in the last twenty years. You'd be surprised at many people haven't heard of peak natural gas.
The problem is that any slowdown in Canadian gas production would greatly affect us.
It Already Hit the Fan
According to the Energy Information Agency's International Energy Outlook, Canadian natural gas production is seen as declining steadily until 2025.
But that isn't the harrowing statistic.
Canadian reserves have been declining for decades. Their reserves of natural gas were estimated at 99.2 trillion cubic feet in 1985. That number fell to 56.3 trillion cubic feet in 2005. Canada has lost 43% of its proven reserves!
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The largest deposit of natural gas is in the Western Canada Sedimentary Basin (WCSB). This area accounts for about 98% of Canada's gas production.
The Canadian Energy Board published a report assessing the WCSB five years ago. The data show that production from recent gas well connections has declined faster than older connections. Moreover, production from then current connections was declining by 20% per year. The report noted that production would have to increase by nearly three billion cubic feet per day to offset those decline rates.
The 20% decline rate is almost double the 13% decline rate reported in 1992.
And the picture gets even worse for Canada.
The EIA's 2006 International Energy Outlook also projected that natural gas demand in Canada's industrial and electric power sectors will more than double by 2030.
Last year Canada consumed half of its production and exported the rest. Overall Canadian consumption is expected to grow an average of 1.9% annually until 2030. This means Canada will consume 85% of its production.
That will reduce exports to the U.S. by 35%!
Natural gas prices are also growing rapidly. The price in 1995 was $2.71 per thousand cubic feet (mcf). It soared past $13 mcf during 2005, an extremely volatile year. Yet even when it stabilized in 2006 between $6 and $7, that is still 139% higher than the 1995 price.
Abandon Ship
Don't expect help from the major oil and gas companies.
Natural gas is quickly taking a back seat to Canadian oil sands. Many companies are slowing or even dropping exploration programs in 2007. One of the reasons is because of the higher profitability of oil projects.
In fact, nearly $100 billion dollars will be invested in the future of oil sands over the next decade.
The Domino Effect
As I mentioned before, the declining Canadian natural gas industry will significantly affect the rest of North America.
The U.S. will need to make up the lost gas imports from Canada, causing an increase in production from unconventional sources. This includes resources like tight sands, shale and coalbed methane.
Another stress point for the U.S. will be discovering new gas fields. Most of the conventional fields have been found. Developing any new fields will be costly.
Next down the chain is Mexico.
Mexican natural gas is underdeveloped despite significant reserves. The country's state-run oil and gas company owns exclusive rights to Mexico's oil and gas reserves.
And according to the EIA, Mexican gas consumption will rapidly grow over the next twenty years. They will need to double their imports by 2030 to meet demand.
So where exactly are we headed?
As you can see below, the EIA, in its 2007 International Energy Outlook, is painting a clear picture of the direction we're heading...
U.S. Net Imports of Natural Gas by Source, 1990-2030:
The serious decline in Canadian natural gas supplies is going to severely affect the North American energy market. Strong development in liquefied natural gas will need to take place if it is expected to meet demand. Natural gas prices will continue to climb higher until the switchover to LNG takes place.
Until next time,
Keith Kohl

IMPATIENT 1
10-10-2007, 10:46 AM
:D lol

Biglue
10-10-2007, 11:51 AM
Guess their each other's wood wasn't as hard as they thought up in Canada. :D :D