Maybe you should buy more!!!!!!!!!!!!!!!!!! Bentek Sees U.S. Gas-Productivity Gain Displacing Imports, Coal
Drumbeat: January 9, 2010 Posted by Leanan on January 9, 2010 - 10:38am Topic: Miscellaneous
Bentek Sees U.S. Gas-Productivity Gain Displacing Imports, Coal
(Bloomberg) -- Surging productivity from U.S. fields will end the need for natural-gas imports and provide enough additional fuel to run vehicle fleets and reduce coal-fired power generation, said consulting firm Bentek Energy LLC.
“We may very well be on the cusp of a completely different energy era than we’ve had for the last 30 or 40 years,” Bentek Chief Executive Officer Porter Bennett said yesterday in an interview in Bloomberg’s Houston bureau.
Bentek, which tracks gas flows across the nation, predicted in 2008 that output gains could push Canadian imports and liquefied-gas cargoes sent by tanker ships out of the U.S. market by 2020. That was before advances in technology that proved last year to invalidate old formulas for predicting gas output based on the number of active drilling rigs, he said.
Call to extract the UK's remaining gas supplies
The offshore energy industry has warned that pressure on gas supplies has shown that more should be done to extract the UK's remaining supplies.
Oil and Gas UK, the trade body, said that improved storage facilities should be a priority.
They also warned against downplaying the remaining potential of gas supplies in British waters.