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Naysayers abuse Marcellus shale resource numbers

09/05/2011
by Bob Tippee, Editor After scientists in the US government increased their estimate of the exploratory potential of natural gas from the Marcellus shale, naysayers called the report a portentous climb-down. The US Geological Survey on Aug. 23 boosted its mean estimate of the undiscovered, technically recoverable gas resource in the Middle Devonian Marcellus shale to 84 tcf from the 2 tcf it estimated in 2002. Here's the headline of a news release about the report from one interest group: "We Told You So: USGS Reports US Natural Gas Inventory Massively Overestimated." The former estimate was 2 tcf. The new estimate is 84 tcf. How could the former figure have been an overestimate...
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