Immense Natural Gas Finds in the US...
US supply of natural gas is going through the roof..
A massive natural-gas discovery here in northern Louisiana heralds a big shift in the nation's energy landscape. After an era of declining production, the U.S. is now swimming in natural gas.
Even conservative estimates suggest the Louisiana discovery -- known as the Haynesville Shale, for the dense rock formation that contains the gas -- could hold some 200 trillion cubic feet of natural gas. That's the equivalent of 33 billion barrels of oil, or 18 years' worth of current U.S. oil production. Some industry executives think the field could be several times that size.
"There's no dry hole here," says Joan Dunlap, vice president of Petrohawk Energy Corp., standing beside a drilling rig near a former Shreveport amusement park.
Huge new fields also have been found in Texas, Arkansas and Pennsylvania. One industry-backed study estimates the U.S. has more than 2,200 trillion cubic feet of gas waiting to be pumped, enough to satisfy nearly 100 years of current U.S. natural-gas demand.
posted by GayandRight @ 9:25 AM
3 Comments:
That's pretty sweet, but don't forget, Obama and the majority of Democrats will likely do what they can to scuttle attempts to get at the gas; it is a fossil fuel after all.
True this is a big find but not that easy or cheap to complete these wells. Also production falls off quite quickly.
Obama doesn't give a crap about global warming/climate.
To him the great fraud is a perfect cover story so he can tax fuels and pay for his socialist ponzi schemes like paying off the teacher's unions, the SEIC and pay for his Health Care dreams.
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