New info shows US has largest NG reserves in world - WV Marcellus included (War: 2009)

[vec101]

New studies show the US has overtaken Russia to become #1 in Natural Gas Reserves. A portion of the reserves are in WV via the relatively recent "find" - the Marcellus shale deposits.

T. Boone Pickens is working hard to see the govt passes legislation such as H.R. 1835-- The NAT GAS Act so that the US can reduce its dependence on foreign oil.

Wait a minute, I thought Pickens was a global warming supporter.
Oh he is - but natural gas doesn't pollute as much as coal, etc.
Hmmm, guess one can have their cake and eat it too

Do support the drilling and without a doubt support getting away from US reliance on imported oil.

Not sure how the Pickens supported NG bills would jive with the Cap & Trade bill. But if they in ANY way help to defeat the Cap & Trade bill, then I am all for them (I think ).

BTW - Is there much drilling going on in the WV Marcellus shale deposit? Not sure how recent economic events have affected this.

H.R. 1835 includes ........

Requires 50% of all new vehicles purchased or placed in service by the U.S. government by December 31, 2014, to be capable of operating on compressed or liquefied natural gas.
Search Results - THOMAS (Library of Congress)|

http://www.mines.edu/Potential-Gas-Committee-reports-unprecedented-increase-in-magnitude-of-U.S.-natural-gas-resource-base June 2009

The committee, .... estimated the country's total natural gas resources at 2,074 trillion cubic feet http://www.wtop.com/?nid=111&sid=1699434 and other web sites

America's abundant natural gas reserves can end our dependence on foreign oil, said T. Boone Pickens, a billionaire entrepreneur and chairman of BP Capital Management hedge fund.

In response to a recently released study by the Potential Gas Committee increasing its estimate of domestic gas reserves by 35 percent, Pickens urged the nation to enact energy reform to reduce foreign oil imports. http://moneynews.newsmax.com/markets/pickens_natural_gas/2009/06/26/229267.html

Alaska ....Point Thomson contains tremendous oil and gas reserves at estimates of hundreds of millions of barrels of oil and more than 8 trillion cubic feet of natural gas – considered the largest untapped onshore reserves of oil and gas in North America. http://www.freerepublic.com/focus/bloggers/2263367/posts

Legislation like H.R. 1835-- The NAT GAS Act-- provides the incentives and long-term stability to make the move from imported oil, diesel and gasoline to domestic natural gas, http://www.cnbc.com/id/31429736/

Thursday's report said shale now makes up one-third of the 1,836 trillion cubic feet of potential resources, much of it from a re-evaluation of shale gas in the Appalachian basin and ... [the number in this report is lower than other estimates] http://www.forbes.com/feeds/ap/2009/06/18/ap6561672.html

http://geology.com/articles/marcellus-shale.shtml

Pickens on global warming:
T. Boone Pickens on global warming - Crunchy Con
http://www.globalwarmingnewssite.com...nergy-efforts/
The Good, The Bad, The Ugly: T. Boone Pickens
Oilman Fights Causes of Global Warming: T. Boone Pickens Plan for Natural Gas, Wind Energy | Suite101.com

[NOVAmtneer82]

I believe it. While we may disagree on Cap and Trade I like where you are going with this one. I have never understood why we don't place more of an emphasis on natural gas in this country.

[snorpus]

Not sure whether they're drilling for oil or gas, but there are a lot of well service trucks going up and down 119 towards WV every day.

The Wetzel County paper has frequent comments about drilling activity in the area (mostly regarding how it's tearing up the back roads). At this point, it's probably exploratory to determine the extent of the deposits, not production wells yet.

[CTMountaineer]

Cap and Trade would do NOTHING to solve the world's environmental issues. It would actually make them worse by destroying millions more American jobs and forcing production to countries that have minimal regulation of particulate emissions and imposing thousands of dollars of taxes on American taxpayers. The notion that man made CO2 emissions is a culprit is fabricated and bogus. So is the notion that farts, from cows or otherwise, will bring about the destruction of the world as we know it.

These pompous, elitist bozos all have their heads in places that block their natural methane gas releases.

[David Kennedy]

The Marcellus Shale was mapped by Phillips Petroleum in the late 1960's and early 70's. Wells over 15,000 ft mdeep were spuded and sealed...

We will use this gas and it will be expensive...about the price of gasoline or higher $4.00.

Wait and see.

Would someone please tell Sen. Rocky that his Stock is going up..

CT: Those cow farts are being remedied in Australia...feeding them a different mix of hay and newspapers...If I remember my Italian...Pel-osi means cow fart in English...or is it Horse Fart?

[snorpus]

This morning, I just saw a convoy of 15 Halliburton drilling rigs and support trucks, headed south on 119.

[David Kennedy]

ha ha ha Was Dick Cheney with them?