The U.S. Geological Survey (right) recently reduced the estimate of undiscovered Marcellus Shale natural gas (not pictured).
AS REPORTED by the personal news service of New York City Mayor Michael Bloomberg, the U.S. Geological Survey is now estimating that there is roughly 84 trillion cubic feet of gas and not the epic 410 trillion cubic feet projected by the U.S. Department of Energy.
U can stop be sad tho’, gas company employees. Your bosses still wanna go for it, according to the article:
One fifth of a big number is still a big number, Kevin Book, managing director at ClearView Energy Partners LLC, a Washington-based policy analysis firm, said today in an interview. shouldn’t tell you anything about your conclusions. It should tell you what you need to know about estimates. They get revised
The man with the fake-sounding name from the “Washington-based policy analysis firm” with a fake-looking, 1-page website* has a point. Just think of all the times you’ve misjudged the amount of gas you have!
*ClearView’s Site and a because the web is fickle and weird.
MEGA–AMAZING UPDATEZ :: There’s another Managing Director at Clearview of note: none other than F. Chase Hutto III, a former Deputy Assistant to Dick Cheney, an oil industry advocate and (obvi) a serious deregulation zealot.