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Terminology: Proved Reserves and Undiscovered Resources: The Importance of Terminology: The Example of the Bakken Formation; Conventional Versus Unconventional Oil and Natural Gas Deposits; (4) Authoritative Data Sources for U.S. Fossil Fuel Reserves and Resources (R&R); (5) U.S. Oil and Natural Gas R&R: Proved Reserves; Undiscovered Oil and Natural Gas R&R; Sub-Economic Oil and Natural Gas R&R; Shale Oil; Shale Gas; Methane Hydrates; Heavy Oil; (6) U.S. Coal R&R; (7) Expressing Fossil Fuels as Barrels of Oil Equivalent; (8) Overview of Global Fossil Fuel R&R; (9) U.S. Production and Consumption of Oil, Natural Gas, and Coal; Key Terms Used in Oil Statistics. Illus.
The role of natural gas in the U.S. economy is expected to be a major part of the debate over energy policy in the 112th Congress. This report briefly explains key aspects of global natural gas markets, including supply and demand, as well as major U.S. developments. Contents: (1) Introduction; (2) Natural Gas Consumption: Key Global Consumers; (3) Natural Gas Supply and Trade: Natural Gas Reserves Growing; Global Natural Gas Market Becoming More Integrated; Natural Gas Exporting Countries Forum Still Ineffective; Production Widespread; Natural Gas Prices Remain Low; (4) Major Statutes; (5) Looking Forward. Charts and tables. This is a print on demand edition of an important, hard-to-find report.