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Keyword: ibdshale

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  • USGS Ups The Ante On Shale

    08/25/2011 4:42:13 PM PDT · by Kaslin · 21 replies
    IBD Editorials ^ | August 25, 2011 | Staff
    Power: Despite efforts in the media and Congress to shut it down through fear and falsehoods, a new estimate of America's most promising energy source portends even more gas, oil — and jobs. The U.S. Geological Survey (USGS) announced Tuesday that the Marcellus Shale formation that straddles the northeastern United States may hold a staggering 84 trillion cubic feet (tcf) of recoverable natural gas, up significantly from the last official government estimate of 2 tcf made in 2002. The USGS said the estimate came from new information about the gas-rich formation underlying New York, Pennsylvania, Ohio and West Virginia, and...