Vance recently stated that the natural gas in Pennsylvania could supply the world with 500 years worth of gas. I thought this seemed a little too high :)
Here is what I found:
Global Gas Consumption 132,290,211 million cubic feet per year (from www.worldometers.info), or ~132 trillion cubic feet
Pennsylvania has approximately 200 trillion cubic feet of gas in the ground.
Therefore, PA gas could supply about 1.5 years of global natural gas consumption.
If this calculation is off, please correct, but it looks like Vance needs to back off on his 500 year claim, or the media will go to town with it.
The calculation is right. Pennsylvania's reserves are 1.5 years of global natural gas consumption.
In fact, the world now has 6,923 trillion cubic feet (Tcf) of proven gas reserves as of 2017. That is enough to supply the earth, at current usage rate, for 52 years.
Pennsylvania has nearly 3% of the earth's total proven natural gas reserves.
I think what JD Vance is saying is that the natural gas reserves in Pennsylvania are much more than the current discovered reserves.