Saturday, November 12, 2011

Myth: Natural gas is a domestic product.



Truth: The United State has only 4% of the world's natural gas reserves, while 73% is located in Russia, Eurasia and the Middle East, according to a May 2009 report by the U.S. Department of Energy (DOE). U.S. natural gas consumption is expected to increase by 18% by 2030, and DOE states that domestic production cannot keep pace with demand growth. "An increasing amount of imports of liquefied natural gas (LNG) will be required to meet anticipated consumption," DOE stated in a 2007 report.

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