Friday, November 9, 2007

Natural Gas-A Viable Answer

At a time when conflicts are raging all around the Middle East, the birthplace of civilization as well as the center of the richest oil fields in the world, the United States should take the time to look within. There is a fossil fuel that North America contains in abundance, a clean burning fuel that could answer all the problems faced by a nation dependent upon foreign oil. That plentiful fuel is natural gas.

There exist three different estimates by reputable sources concerning the amount of natural gas that still lies untapped in North America. The first estimate, compiled by the Energy Information Administration, a source of official energy statistics from the U.S. government itself, maintains that there exists 1190.62 trillion cubic feet of recoverable gas in the United States alone. The second estimate by the National Petroleum Council is even higher, stating that 1779 trillion cubic feet of natural gas remains to be recovered and used in the United States. The lowest estimate was given by the Potential Gas Committee, but still maintains that there are over 1090 trillion cubic feet of natural gas remaining to be found.

Concerning the world, the U.S. maintains only 3% of known (proved) natural gas reserves. Proved reserves are reserves that have been located and are currently producing natural gas for consumption by the populace. Natural gas companies like Triple Diamond Energy Corp continue to search the land for more of this ultra-clean harvestable energy. Nationwide there are currently 1801 rigs actively exploring for oil and natural gas in the United States. This number is up from the official count of a year ago at 1693. Of these rigs, 1459 are actively exploring for natural gas. It seems that the nation is catching on. In order to compete in the world market as the United States is accustomed to, the nation must continue this exploration within its borders. There is so much more natural gas to be located than is being tapped for use currently. Research has shown the potential; companies must use all the technology, equipment, and resources they have to explore and develop this wealth lying dormant beneath the surface in order that the future of the country can be more secure, more self sufficient, always progressing and moving forward. This movement and progression can be traced back to the idea of “manifest destiny” that still holds its place at the very roots of American history. Perhaps the time has come to take up this optimistic endeavor once again.

About the Author: Bob Jent is the president of Triple Diamond Energy Corp. Triple Diamond Energy specializes in acquiring the highest quality prime oil and gas properties. For more information, visit http://www.triplediamondenergycorp.blogspot.com.

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