This Just In: Feds Dramatically Cut Shale Gas Estimates!

To here the natural gas industry tell it, shale gas is the silver bullet that will solve all our country’s energy problems, prod the national economy back into productivity and cure the common cold, all at once.

Well, if something sounds too good to be true, it probably is, and such is the case with shale gas.

According to a story by New York Times Ian Urbina, the U.S. Geological Survey has released an estimate of the amount of natural gas contained in the Marcellus Shale play, the giant rock formation that exists deep underground beneath New York, Pennsylvania, Ohio and a couple of other state.

According to the USGS report, the Marcellus Shale formation contains about 84 trillion cubic feet of recoverable gas, far less than the 410 trillion cubic feet the federal Energy Information Administration calculated in their estimates.

From Urbina’s NYT story:

As a result, the Energy Information Administration, which is responsible for quantifying oil and gas supplies, has said it will slash its official estimate for the Marcellus Shale by nearly 80 percent, a move that is likely to generate new questions about how the agency calculates its estimates and why it was so far off in its projections.

The decision by the agency to lower the estimates comes amid growing scrutiny from Congress about how the administration calculates its numbers and why it depends on outside and industry-tied consultants to produce some of its reports.

Written by greenlivingguy

The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.