Posted by: raju161 September 21, 2009
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Don't know exactly about the size of the reserve but the modal estimate seems to be 6200 trillion cubic ft. for natural gas but as of 2004, use is c. 100 trillion cubic ft./year. So i don't think it is safe to assume supply of natural gas for a definite period of time. Use is likely to increase. Lets assume 60 year supply. So, i think as reserves dwindle it will become more expensive to obtain and there will be a lot of price flactuations which will have direct impact on every aspects.