TSX.V: WVR   Last: $0.01   Chg: +0.000   Vol: 60000   Date: Aug 24, 2015
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How Much Natural Gas is There?

There is an abundance of natural gas in North America , but it is a non-renewable resource, the formation of which takes thousands and possibly millions of years. Therefore, understanding the availability of our supply of natural gas is important as we increase our use of this fossil fuel.

 

As natural gas is essentially irreplaceable (at least with current technology), it is important to have an idea of how much natural gas is left in the ground for us to use. However, this becomes complicated by the fact that no one really knows exactly how much natural gas exists until it is extracted. Measuring natural gas in the ground is no easy job, and it involves a great deal of inference and estimation. With new technologies, these estimates are becoming more and more reliable; however, they are still subject to revision.

U.S. Natural Gas Reserves Summary