"Blind Freddy" = common sense, comparing the deposits of CSG in a world using 85,000,000 BOE per day, and world class deposits of CSG that are being proved up as we speak to the "Dot Com" bubble is the biggest lack of "Blind Fredddo" one who knows about the dot com bubble could imagine. Do yourself a favour db76, go and check some of the antics in the dot com bubble and see for yourself what they were really doing, because I dont think you have a clue. Come back once you do your research and maybe you will have a bit more "Blind Freddy" and people will start taking you seriously.
This is a snippet on Natural gas from the EIA website
International Energy Outlook 2009
"Natural gas consumption worldwide increases in the IEO2009 reference case from 104 trillion cubic feet in 2006 to 153 trillion cubic feet in 2030. With world oil prices rebounding from their early 2009 level, as the world economy recovers from the current downturn, and then continuing to grow in real terms through the end of the projection period, consumers opt for comparatively less expensive natural gas for their energy needs whenever possible. As a result, natural gas remains a key energy source in the industrial sector and for electricity generation. The industrial sector currently consumes more natural gas than any other end-use sector, and this is expected to remain true in the reference case through 2030, when 40 percent of the world’s natural gas supply is used for industrial purposes. Electricity generation accounts for 35 percent of the world’s total natural gas consumption in 2030, up from 32 percent in 2006.
To meet the projected growth in demand for natural gas, the world’s producers will need to increase annual production in 2030 to a level that is 49 trillion cubic feet higher than the 2006 total. Much of the increase in natural gas production is expected to come from the non-OECD countries. In the IEO2009 reference case, natural gas production in the non-OECD nations in 2030 is 41 trillion cubic feet higher than in 2006, accounting for about 84 percent of the total increase in world supply. By region, the Middle East, non-OECD Europe and Eurasia, and non-OECD Asia each supplies about 20 percent of the increase (Figure 5). Africa, which is an important source of new natural gas production, provides 15 percent of the total world increment."
ESG Price at posting:
87.0¢ Sentiment: Buy Disclosure: Held
