Tuesday, January 24, 2012

WSJ: "Estimate Plummets on Marcellus Shale"

Jan 24 2012, p. C4. Wall Street Journal print edition:

"U.S. energy officials have cut their natural-gas-resource estimates, saying there is far less gas in a region known as the Marcellus Shale than previously thought..."

The article explains that "heightened [drilling] activity" and "rampant drilling" revealed that reserves are much less than originally estimated. 

Majia here: One wonders how much environmental damage was caused by the drilling necessary to realize that estimates of reserves are in fact 'FAR LESS' than originally estimated?

Did gas companies over-state reserves in order to get approval from states for the extensive drilling?

Did these states approve the "rampant drilling" because they expected profits and benefits to outweigh the environmental and health costs?

One wonders how many aquifers were contaminated and what the costs are of lost water resources and human health relative to the profits earned from the extensive drilling?

Energy is a corrupt and corrupting industry. It doesn't have to be this way.

1 comment:

  1. Gov't withheld estimates showing electricity surplus to boost nuclear power: critics

    Corrupt and Evil



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