December 3, 2012

Are US Shale Resources Being Overstated?

Jon Hurdle, AOL Energy


AOL Energy

Are US Shale Gas Resources Overstated? Part 1 A forthcoming book argues that the country's shale gas plays contain only about a quarter of the fuel that has been estimated by the US Energy Information Administration, and other widely used industry and academic assessments. "Cold, Hungry and in the Dark: Exploding the Natural Gas Supply Myth," by Bill Powers asserts that the quantity of unproved but technically recoverable natural gas in US shale plays is approximately 127 trillion cubic feet, or about a quarter of the 482 tcf estimated by the EIA in its Annual Energy Outlook for 2012.

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TAGGED: Arthur Berman, Bill Powers, Natural Gas Supplies, Gas Reserves, Natural Gas, Oil Resources, Fracking, Shale Oil

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