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literature review and study energy market alternatives for - Ontario ...

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AGRICULTURE BIOMASS POWER CHALLENGES<br />

SHALE GAS CHANGING FOSSIL FUEL DYNAMICS<br />

PROVEN UNITED STATES UNCONVENTIONAL NATURAL GAS RESERVES<br />

ARE CONSERVATIVELY ESTIMATED AT 616TCF, AND GROWING.<br />

THIS IS EQUIVALENT TO 106BBLS OF OIL. THIS IS MORE THAN KUWAIT’S PROVEN<br />

OIL RESERVES (CONVERSION OF NATURAL GAS TO OIL AT 5.8MBTU’S/BBL)<br />

TOTAL UNITED STATES CONVENTIONAL AND UNCONVENTIONAL NATURAL<br />

GAS RESERVES ARE 4 TIMES LARGER 2,552TCF. Source: Energy In<strong>for</strong>mation Agency<br />

THIS IS EQUIVALENT TO KUWAIT, AND IRAN’S COMBINED PROVEN OIL RESERVES<br />

TOTAL UNITED STATES UNPROVEN NATURAL GAS RESERVES DOUBLE TO 827TCF<br />

IN 2011 UP FROM 474TCF A YEAR EARLIER<br />

CANADA HAS PROVEN 58TCF OF CONVENTIONAL NATURAL GAS AND 500TCF<br />

OF SHALE GAS IN ALBERTA ALONE.<br />

CANADIAN PROVEN RESERVES ARE EXPECTED TO BE AT LEAST 900TCF

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