WATCHING GOVERNMENT: Acknowledging the endowment

It began when Steven G. Grape and John Wood, his supervisor in the US Energy Information Administration’s reserves and production division in the Office of Oil and Gas in Dallas, noticed two things. First was the perception that no significant new oil or gas deposits were being found and developed in the Lower 48. Second were production numbers suggesting the opposite.“Many people are pessimistic about oil and gas supplies in the United States. They don’t understand the scope of unconventional resources. So we thought we should get information out that coalbed methane, natural gas from shale, and other resources are making significant contributions,” Grape told me ...

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