Countdown to $100 oil: Running out of natural gas in North America

Okay, natural gas prices are waaay down from their highs, so all’s fine, right? It doesn’t matter than these prices are still double the highest power plant developers expected only a couple years back, they are down. Alert over.

Hah! Let me show you just one new graph below the fold.

This is a simple compilation of the prognoses made each year by the US government, through the Energy Information Agency of the DoE, for expected future production in North America.

The top line was the prediction made in 2002 for future years. The next line the prediction made in 2003, etc…

Notice something? The predictions have been going down every single year… and so has production, in recent years.

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