[Cyrus]

Ok, I have done an internet search on Nat Gas depletion and come up with results saying "We have plenty left! Dont worry!" Yet on this forum many agree that this is in fact false....Which statement is true?

[Jack]

It depends on how you look at it. If you look at Natural Gas in North America, we may well be running out. I suspect we are.

But there is a lot of gas in remote locations. Getting the gas from there to here requires either a pipeline, or conversion to LNG, followed by shipment in special cryogenic tankers, and regassification. Creating pipelines and LNG "supply trains" is expensive and takes a long time.

So, from a global perspective, there is some supply still out there. From a U.S. perspective, things may start to get tight soon.

Does that help?

[Cyrus]

Yes! Thanks! I understand now! Its not that its lower than oil, just harder to access.

[Kingcoal]

I heard from a Fuel Oil deliveryman yesterday that Philadelphia almost ran out of NG a couple weeks ago. He said a local refinery stepped in and made gas for them out of crude until NG supplies returned. That was his explanation as to why Fuel Oil inventories fell recently in the Northeast.

[savethehumans]

Winter came, and we weren't ready. That's what happened in the Northeast, and that's what's about to happen in the Southeast and West.

This is gonna be the norm. Get used to it!