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.
Without knowing his reasons.. my logic says that the gas regenerates pretty fast. Gas is NOT dinosaur guts. It's a natural resource that renews itself. There is not a finite amount of gas in the ground. It's endless and regenerates. So the argument is ridiculous to begin with since there is NEVER a danger of running out of gas. EVERYTHING YOU KNOW IS A LIE.
Yep, LNG and petroleum are by products of the off-gassing of the planet. The "scarcity" theory is fictional.