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In the Reference case, total domestic natural gas
production grows from 20.6 trillion cubic feet in 2008
to 23.3 trillion cubic feet in 2035. With technology
improvements and rising natural gas prices, natural
gas production from shale formations grows to 6 trillion
cubic feet in 2035, more than offsetting declines
in other production. In 2035, shale gas provides 24
percent of the natural gas consumed in the United
States, up from 6 percent in 2008 (Figure 3).

This is especially true in light of the current mess in the Gulf of Mexico, because a lot of that new oil was expected to come from offshore. But as I originally predicted, I think this blowout in the gulf really slows things down. A relevant news story on that theme from today:

dorlomin wrote:

This is especially true in light of the current mess in the Gulf of Mexico, because a lot of that new oil was expected to come from offshore. But as I originally predicted, I think this blowout in the gulf really slows things down. A relevant news story on that theme from today:

Well if America does not begin exploiting its offshore reserves in the short term they will be available later down the depletion curve when they're value will be all the greater both financially and in terms of necessity.