Geologists Sharply Cut Estimate of Shale Gas

Filed in E-Library, Economic Impact by on February 17, 2014

Energy Information Administration, which is responsible for quantifying oil and gas supplies, has said it will slash its official estimate for the Marcellus Shale by nearly 80 percent, a move that is likely to generate new questions about how the agency calculates its estimates and why it was so far off in its projections.