Chart of the day: Economist's listing of top 15 natural gas resources
Friday, July 20, 2012 at 10:57AM
Thomas P.M. Barnett in Chart of the day, China, LATAM, Russia, US, energy, extractive industries
On the unconvential (shale): the usual list that I work with, with the addition of Russia as #3 in world. Most experts don't talk all that much about Russia because, with all their conventional gas, there's not a great need to exploit.
But the real kicker for me in the charts is the bottom right one, which is a stunner: by 2030 the projection that gas, coal and oil all converge in the high 20s as basically equal shares in world primary energy usage. Several stories here:
- Gas displacing coal (not surprising)
- Long slow increase in nat gas production/use
- And then the true stunner of such a huge drop in oil (about 45% in 1970 to high 20s in 2030).
Article originally appeared on Thomas P.M. Barnett (http://thomaspmbarnett.com/).
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