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.
Huh?
Global consumption is 132 million Cubic feet...correct? "or ~132 trillion cubic feet" means the 132 mill equates to 132 trillion in the ground?
Let's start there. How does 132 million global consumption translate into 132 trillion? Maybe you ought to share that formula with us.
Look again, it's 132,290,211 million.
I see. My bad. If accurate, that's a lot of gas! And if so, to your point, perhaps Vance should post his source data. Could be the deposit estimate he is using is different.