Natural Gas in NB ? Who knew!! I know who did.

There seems to be some buzz about Natural Gas these days.

Seems Graham thinks we are a province with no energy related resources.

http://www.cbc.ca/video/#/News/Canada/NB/ID=1379331595 1 minute 13 seconds into video.

Until recently, that was probably true. But several things have happened in the past decade to change that, and Graham would know, his father seems to be well involved in the whole process.
Seems he recently became chairman of the board for a junior resource company that has a lot to gain in the Maritimes from natural gas and particularily shale gas.

http://www.cnsx.ca/Storage/1213/109023_PetroWorth_appoints_Alan_Graham_as_Chairman.pdf
http://www.petroworth.com/welcome.htm

Shale gas looks to be a game changer in the future of generation of electricity.

A hot of the press article from Power Magazine gives a really optimistic outlook of the future of shale gas, and its use in the generation of electricity. It should help to keep the wholesale price of electricity from spiking up in the future. More bad news for Hydro Quebec who don't need the competition. This article is 6 pages long. You need to click on each successive page. It is quite comprehensive.

http://www.powermag.com/gas/The-U-S-Gas-Rebound_2357.html

More evidence of a future "glut" and even some bad news for Irving.

http://www.cbc.ca/canada/new-brunswick/story/2009/05/20/nb-lng-tankers-canaport-559.html

The amount of gas has been known for awhile. And too think, they said "it's too early to get excited"

http://www.cbc.ca/news/story/2000/12/13/nb_mhsusgas001213.html
http://ent-fundy.ca/documents/final_report_oct2004.pdf

And shale gas production could start soon.

http://timestranscript.canadaeast.com/news/article/914969

This is how its done. Link to video :
http://www.csug.ca/index.php?option=sawvidgallery&task=showVid&id=9

So does any of this tie into the sale of NB Power? Possibly. Possibly not. Will NB Power and the citizens of NB ever get to benefit from it? Except for the 10% royalties, which we'll probably give back the industry players, like we do stumpage for the big players in forest sector, NB'ers will probably not see so much. We'll be quite happy to ship it all stateside, have it turned into electricity down there, and purchased back on the open market as required when oil prices are too high (if we even have to wory about oil prices) . Heaven forbid it is used at Coleson Cove, or even one of the four "gas" turbines in Millbank, just north of Miramichi.

So why, if the volume of gas soon to be available in NB dwarfs that of Sable Island, would Graham be pushing the province away from being able to access and use it to the benefit of the province? I don't know, maybe his father does?
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