{"id":4185,"date":"2014-06-24T15:25:50","date_gmt":"2014-06-24T14:25:50","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=4185"},"modified":"2014-06-24T15:25:50","modified_gmt":"2014-06-24T14:25:50","slug":"peak-gas","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=4185","title":{"rendered":"Peak gas"},"content":{"rendered":"

Have we reached peak gas? By gas I mean natural gas, not petrol in the US parlance.\u00a0 Every year in June the BP Statistical Review of World Energy is published.\u00a0 For those of us interested in energy it makes fascinating reading.\u00a0 Last<\/a> year the shocking bit of information was that global gas reserves had fallen for the first time ever.\u00a0 Something that the report produced with the data did not highlight.\u00a0 So it was with great interest I downloaded the spreadsheet this year.\u00a0 As the graph below shows natural gas reserve figures have risen but only a tiny amount.\u00a0 To be fair its early days but this is beginning to look like peak gas.<\/p>\n

\"gas<\/a>Source BP Statistical Review of World Energy 2014<\/p>\n

As we wrote in our book about peak gas<\/a>.<\/p>\n

“Where does this leave us? It is very hard to come to definite conclusions about gas with so little data on reserves to draw on.<\/em>”<\/p>\n

This has never seemed so true, after I plotted the above graph I noticed there had been a previous fall in 2008-9.\u00a0 Had I missed this last year?\u00a0 No when I went back to last years data I discovered it had been revised.\u00a0 So looking the figure for the year 2000 this is 156.78 TCM in the 2009 data, 154.25 in the 2010 data, 168.5 in 2011, 154.3 in 2012, 139.7 in 2013 and 139.2 today.\u00a0 Confused, your not the only one! and when I find out what’s going on I will let you know by the books Facebook page.<\/p>\n

However, to go back to the main point this is beginning to look like peak gas.\u00a0 Two last points, the data does take into account shale gas, the US reserves have been rising steeply.\u00a0 Lastly the increase in reserves was 0.2% 2012-13 and consumption rose 1.4% in the same period.\u00a0 I don’t need to emphasise to regular readers of this blog or our book how vital gas is to energy, chemicals and agriculture.<\/p>\n

Neil<\/p>\n","protected":false},"excerpt":{"rendered":"

Have we reached peak gas? By gas I mean natural gas, not petrol in the US parlance.\u00a0 Every year in June the BP Statistical Review of World Energy is published.\u00a0 For those of us interested in energy it makes fascinating … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10,12,3],"tags":[],"class_list":["post-4185","post","type-post","status-publish","format-standard","hentry","category-book","category-gas","category-peak-oil"],"yoast_head":"\nPeak gas<\/title>\n<meta name=\"description\" content=\"Have we reached peak gas? 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