When talking about renewable energy, it’s often said that natural gas, especially in Alberta, is a fantastic transition fuel from coal. Being that Alberta uses a lot of both, it’s an inviting proposition. Natural gas is cleaner, and Alberta has a lot of it. Or so we think.
There are varying estimates on how much methane we have in our province, but it’s in the trillions of cubic feet. That’s a lot. We extract a billions of cubic feet a day. That’s also a lot. I did the math to try and find out how long our reserves will last. I converted everything to metric, and gave the extraction rate an increase of 1% year over year to account for GDP growth.
Alberta runs dry in 2104. That’s less than 100 years of reserves. If we assume that infrastructure has a 50 year lifespan, we only have two more generations of Natural Gas infrastructure until we have to import all that energy. With this in mind, doesn’t it make more sense to transition as soon as possible and try to extend our natural resources?
So far, we seem content to race towards a cliff.