Global oil, gas outlook bright; US gas production nears plateau

Data for liquids presented in this article suggest that global crude oil, natural gas liquids (NGL), and Alberta oil sands production will plateau at above 118 million b/d and productive capacity at 123 million b/d in 2031-far later than current alarmist predictions-even without the likely development of tar sands and other bitumens and extra-heavy crude.Unfortunately there are no reliable data on total recoverable global natural gas resources and of cumulative production, which are required to estimate the time and quantity of peak gas production.Nevertheless, the global natural gas outlook is also quite bright, with Jan. 1, 2006, proved reserves of 6,112 tcf, and total 2003 global consu...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected