Saturday, November 26, 2011

Geologists Sharply Cut Estimate of Shale Gas, NY Times

Natural gas companies have been placing enormous bets on the wells they are drilling, saying they will deliver big profits and provide a vast new source of energy for the United States.

But the gas may not be as easy and cheap to extract from shale formations deep underground as the companies are saying, according to hundreds of industry e-mails and internal documents and an analysis of data from thousands of wells...

Read the whole article on the NY Times webpage

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