WEC deems near-term future for oil, gas problematic

The impressive gains of natural gas in the world's energy supply will falter as the century moves toward 2050, according to Gerald Doucet, secretary general of the World Energy Council, speaking Oct. 2 in Calgary to the International Pipeline Conference.He based his comments on recent and ongoing research by the WEC into market drivers for energy sources, especially oil and natural gas.Decline to continueUnless the US opens federal lands to exploration and unless global natural gas prices rise significantly, he said, there will be no "magic potion" to alter the coming "plateau and eventual decline of natural gas supplies in North America and some other key markets."The WEC is studying...

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