next well marlin 2 offset, page-6

Energy price is going to keep going up i recon, we are at the end of cheap energy..

If you look at oil, even though we are gas its all about energy to $ ratio, but look at oil.. the world consumes approx 85mil bbl per day

25% of that is in the US where we are selling our stuff which is probably also why we get above normal price for our gas.

But what has me excited as a energy investor / worried as a energy consumer is that if you take the top 4 biggest reserves..

Saudi Arabia....... 262 Billion bbl
Canada............. 178 Billion bbl
Iran............... 133 Billion bbl
Iraq............... 112 Billion bbl

After this it falls of very quickly ie 10th place only has 36 billion bbl

but from the top 4 if we consume at a constant rate of 84mil bbl per day thats only 20 years supply..

and to note is as the years pass consumption will go up, and what will be flowing will be going down as the presure subsides.. (hence what peak oil is about)

I cant see energy prices going anywhere now but up.. and i think this will help BUR greatly over the next 3 years if we keep striking gas/oil