Our favorite government agency, the U.S. Energy Information Administration, is out with another intriguing post. EIA takes a look at their best estimates of natural gas production in the U.S. over the next 30 years, to 2050. When the number crunchers at EIA analyze this stuff, they run multiple scenarios. One scenario (or “case”) assumes a rosy picture, with high oil and gas supplies. Another case assumes high oil prices. Another case assumes low oil prices. And yet another case assumes low oil and gas supplies. Finally, there is the “reference” case–or the scenario EIA thinks is most likely to happen. As the data geeks look out over the next three decades, in all but one of their scenarios/cases they see natural gas production increase.
Our favorite government agency, the U.S. Energy Information Administration, is out with another intriguing post. EIA takes a look at their best estimates of natural gas production in the U.S. over the next 30 years, to 2050. When the number crunchers at EIA analyze this stuff, they run multiple scenarios. One scenario (or “case”) assumes a rosy picture, with high oil and gas supplies. Another case assumes high oil prices. Another case assumes low oil prices. And yet another case assumes low oil and gas supplies. Finally, there is the “reference” case–or the scenario EIA thinks is most likely to happen. As the data geeks look out over the next three decades, in all but one of their scenarios/cases they see natural gas production increase.