As of latest data, there were an estimated 7,257 trillion cubic feet (205495 billion cubic meters) of total world proved reserves of natural gas. Proved reserves of natural gas are the estimated quantities that analysis of geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.
Taking into consideration the current rate of natural gas production and current known natural gas reserves, we have less than 50 years worth of natural gas reserves left. We will still have gas and coal left by the time oil runs out in 2052. But if we increase gas production to fill the energy gap left by oil, then those reserves will only give us an additional eight years, taking us to 2060. We should realize that burning gas impacts on global warming because of CO2 emission.
Yes, we are rapidly depleting our resources. Unfortunately most of the demand for energy falls on the use of fossil energy, oil, gas and coal.
There is a LIMIT to the fossil fuels on earth that we are gobbling up. We are oblivious of the fact that there will be a time, measured in decades, when these fuels will run out. Because of global population rise, there is a growing demand for energy. This growth is endangering our future. What will we do when fossil fuels run out? What energy sources can we rely on after this happen?
Gas will end by 2060 – 40 years time
Do you recognize the problem? What do you think needs to be done already today to resolve the problem?