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About Natural Gas
Natural gas resources are widely and plentifully distributed throughout the world. At current consumption rates, many countries have several decades, if not centuries, of estimated natural-gas resources.A recent U.S. Department of Energy study reports that recoverable reserves and resources of natural gas in the lower 48 states total 1.295 trillion cubic feet, more than a 70-year supply at current production levels. Most of these reserves are recoverable at prices below $3.50, so the country is in no danger of running out of natural gas any time soon. Most U.S. gas demand is met by domestic production. In 1992, 9.2% of U.S. natural gas consumption was met by imports, virtually all arriving by pipeline from Canada. The low level of U.S. imports is typical of the natural gas markets worldwide. While nearly 50% of world oil production crosses a country's borders, only 16% of the world's gas production does so.
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