Has Peak Oil Peaked?

The IEA estimates the supply of natural gas could last for 250 years.
Published on January 23, 2011

The International Energy Agency has released a report that suggests the supply of natural gas could last 250 years http://wattsupwiththat.com/2011/01/21/shale-gas-boom-on/#more-32108 at current rates of consumption.

For electrical power systems planners and policy developers, the rapid expansion of accessible natural gas reserves and the declining cost of production creates a new factor to consider in the future.  Perhaps it is time to slow down public sector and public policy efforts to stimulate a migration to expensive technologies such as solar.

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