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The U.S. Geological Survey will slash its Marcellus Shale reserve estimate to 84T cubic feet of...

The U.S. Geological Survey will slash its Marcellus Shale reserve estimate to 84T cubic feet of gas from earlier government estimates of 410T - an 80% decrease. The Marcellus Formation spans from New York to Kentucky, and has been considered America's next great hope for energy.
Comments (3)
  • Hoya
    , contributor
    Comments (3) | Send Message
     
    I suppose accuracy like that is why we have the expression "good enough for government work."
    24 Aug 2011, 03:28 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5565) | Send Message
     
    They over estimated by some 80%? How is that possible? I'm sure that the President will get the blame.
    24 Aug 2011, 03:29 PM Reply Like
  • Duude
    , contributor
    Comments (3376) | Send Message
     
    Its not like their estimates are based on science. Its a simple guestimate that could still be 10X too low or 10X too high. They're just throwing darts.
    24 Aug 2011, 04:54 PM Reply Like
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