Tuesday, August 23, 2011

American Science, Technology, and Business At Its Best

Someone tell the Democrats supporting the Obama Administration that the solution to our nation's economic and social problems is within our control.  We have the natural gas and oil resources within our borders to cleanly power our industry, create millions of high-paying jobs and generate the revenue needed to work our way out of debt.  Oh, and don't forget that the entire concept of man-caused global warming is being proven to be a hoax and a fraud, perpetuated by power-hungry losers like Al Gore.  See here: http://petesplace-peter.blogspot.com/

Forget the economic failures that are solar and wind power.  Oil and gas is here to stay, for the foreseeable future.  Horizontal drilling and the proven safe process of hydraulic fracturing these abundant oil and gas producing rocks such as the Marcellus, Bakken, Barnett, Woodford, and Eagle Ford Shales can transform (and save) America.  Pass the word around.  Let's get back on the road to real progress, not the phoney baloney that's been coming out of Washington the last few years.

Let's trust our real scientists and engineers, let real science prevail and take the power away from destructive purely political entities like the Environmental Protection Agency (EPA) and the United Nations (UN).  See here: http://thefellowshipofscientifictruth.blogspot.com/
American can survive the mess we're in.


August 23, 2011

Contact: Travis Windle, 724-312-2230, travis.windle@fd.com

Patrick Creighton, 412-808-1112, patrick.creighton@fd.com

New Federal Data Highlights Staggering Amount of Clean-Burning American Natural Gas from the Marcellus Shale

USGS: 4,100% increase in technically recoverable Marcellus natural gas from 2002

Canonsburg, Pa. – Today, the U.S. Geological Survey (USGS) – an independent research arm of the Interior Department – released an updated assessment of undiscovered, technically recoverable American natural gas from the Marcellus Shale formation, considered to be second largest natural field in the entire world. According to USGS, “the Marcellus Shale contains about 84 trillion cubic feet of undiscovered, technically recoverable natural gas and 3.4 billion barrels of undiscovered, technically recoverable natural gas liquids.” USGS notes that “these gas estimates are significantly more than” its previous 2002 Marcellus assessment, “which estimated a mean of about 2 trillion cubic feet of gas (TCF) and 0.01 billion barrels of natural gas liquids” – representing a 4,100% and 33,900% increase, respectively.

Kathryn Z. Klaber, president and executive director of the Marcellus Shale Coalition, issued this statement upon reviewing the new USGS assessment:

“These new figures are further affirmation that the Marcellus Shale will continue to safely produce prolific amounts of clean-burning American natural gas for generations to come. While advent of shale gas development in the United States was only several years ago, its impact is proving to be profound and lasting.

“Gone are the days of America potentially relying on often-unstable regions and countries around the world to meet our growing natural gas demands. As this responsible development continues to expand across the Marcellus region, and the country, tens of thousands of Americans are finding work in an industry that is fundamentally strengthening our nation’s core.

“While some critics continue to question the viability of responsible domestic shale gas development, it is abundantly clear – as laid out by this new data – that the Marcellus Shale will continue to lead the way in meeting American’s energy needs for years to come.”

NOTE: Click HERE to view USGS’s updated assessment online. The USGS report follows a recent economic impact analysis conducted by researchers at Penn State University, which found that the Marcellus Shale formation could become the leading supplier of natural gas in the United States within a decade.

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