Quote:
Originally Posted by Lurch
There are no arguments on either side - the FACT is Alberta's gas production has declined since 2001. It may increase past its 2001 peak at some point, but 5 years of historical evidence suggest production is declining, despite very strong gas prices during that timeframe.
As for 'picking a fight', I think it is important to put "a LOT of gas" needs to be put in context. There is physically a big amount of ultimately recoverable gas in the ground, but this thread is mostly about the implications for the provincial economy. In this context, there is no longer a LOT since the annual production is declining both in absolute terms and even moreso in relative terms.
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Once again people cannot debate on what one poster has actually wrote. All I said is that Alberta has lots of natual gas. We do....it is a fact and you agreed with me. No where did I mention production or the declining of. Did it ever occure to you that many companies have actually capped their gas wells bcause of lower prices? Lower production doesn't equate to lower reserves. It only makes sense to slow production when prices are low.