03 Jun '13, 2pm

Drumbeat: June 3, 2013

Nevertheless, while Kumhof re-stokes interest in Peak Oil, nowhere in his modeling does Peak Gas figure - for easily understood reasons. Peak Gas is already a lost cause, due to the stranded gas boom, featuring deep offshore conventional and unconventional gas resources, and the shale gas boom. Even taken separately, these two "new gas resources" hold mindboggling quantities of gas for potential future gas supply. Global shale energy resources are geologically located in the world's Hercynian-Variscan orogenic zones. These also include deep coal, and therefore coalbed methane potential. As one single example, there is the Rhenohercynian Basin stretching from Cornwall and South Wales, in the west, to Belgium, Germany and Poland in the east. This contains massive amounts of deep coal which is presently not recoverable, and linked coalbed methane resources, which probably are...

Full article: http://www.theoildrum.com/node/10010

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