Saturday, May 28, 2011

Peak Oil? What Peak Oil? -- Yes, I Know the Story Is About Natural Gas But One Gets the Point

Link here. From Rigzone:
For now, state geologists are finished with their research in central North Carolina.

After studying 59,000 acres in the Deep River basin for 15 years, they have concluded that Lee, Chatham and Moore counties could produce enough natural gas from shale to make North Carolina self-sufficient for 40 years at current levels of consumption.

"That's what we think," said Kenneth Taylor, chief of the N.C. Geological Survey. "We could become a net exporter."