The discovery of massive natural gas supplies in North America has vastly increased our supply reserves right here in North America. According to consulting firm ICF International, there are about 113 trillion cubic meters of economically recoverable natural gas in North America.
Just how much is 113 trillion cubic metres? Enough to fill the Rogers Centre – home of the Toronto Blue Jays and the 2012 Grey Cup-winning Toronto Argonauts – about 70,332 times. (Retractable roof closed, of course.)
New and abundant supplies mean the natural gas prices you pay are lower today than they were 10 years ago. And access to massive deposits of natural gas throughout some areas of North America, like Marcellus and Utica just south of the border, and made possible through advances in production technology, has translated into affordable natural gas prices.
Experts predict that prices will remain affordable and stable through to at least 2025.
Have any thoughts about the vast amounts of clean-burning natural gas we have right here in North America? Then let us know in the comments section below.