Natural Gas is Abundant and Accessible

A well pad in North America's abundant Marcellus Shale formation.

 

The world’s natural gas reserves are so substantial that they will be enough to fuel the world’s thirst for energy and electricity for the next 250 years – and that’s before taking into account the development of increasingly efficient power generation technologies.

Global proven reserves of natural gas amount to 187.3 trillion cubic meters at the end of 2012.   

Natural Gas can fuel the world’s energy needs for 250+ years.

This combination of abundance and accessibility is hardly matched by other fossil fuels. The search for oil is getting harder and more expensive. There aren’t any new conventional supergiant fields to be found, outside of the Antarctic.  No new supergiant since Caspian in 1980s] Even renewable energy sources are significantly challenged in meeting growing demand. While the sun shines and the wind blows in many places, the ability to convert that technology into electricity is constrained by the limitations of available technology to transmit and store that energy.