The "100 year supply" is highly speculative, since we don't know what the demand will be in the future, and much of the known reserves will be quite expensive to exploit.
One thing is certain: Unless demand increases dramatically, the current drilling boom will soon collapse. Gas exploration is just not profitable at current prices. I own a share in four wells, two of them were shut down last month because they are no longer profitable, and I expect the other two to soon close. Gas prices are one-third what they were in 2008, and our production is way down as well.
I'm not saying that natural gas isn't going to be a huge source of energy in the near future. But it isn't a panacea for energy independence. That can only be achieved by a combination of solutions, including conservation and renewable energy.
As far as the coming election goes, it sounds like you're pretty happy with the direction things are going, so I can guess who you'll vote for.
Rolling Stone had an interesting article on the current gas boom.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
... [Read Article]
Latest Ad:
one 8n and one 9n tractor. totaly restored,pretty much everything is new. one 6ft blade good shape.
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
