Michael Duffy interviews Kenneth Deffeyes and Peter Odell

The situation in North America is tight now on the supply of natural gas, and the NAFTA agreement requires us to honour our historic patterns. So Canada is obligated to export gas to the United States. The United States, oddly, is compelled to export gas to Mexico, even though Mexico is a very oil-rich country; they’ve not much focused on natural gas. And in the case of North America, we can’t bring on imports by refrigerated tankers as fast as we would like, so we’re facing a squeeze already in North America. Now, worldwide, I agree, the gas situation is more optimistic, and…I’m not sure it’s quite as optimistic as Peter is saying, but it’s more optimistic, and one of the interesting things is that gas fields in western Siberia are almost as large a fraction of the world’s gas as the Middle East is of the world’s oil. So it’s a tremendous resource and Europe is benefiting from the fact that the Russians are exporting natural gas to supply a lot of Europe.

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