Will Marcellus be Able to Bring Back a Boom into the Supply of Natural Gas?

Will Marcellus be Able to Bring Back a Boom into the Supply of Natural Gas?

Since long, there have been plenty of political and environmental battles going on in regard of the Marcellus Shale natural gas field. And a latest research seems to bring a big twist in this tale of debates.

According to two independent financial firms, the Marcellus apart from being the biggest natural gas field in the country is also the most reasonable place for energy companies to drill. Reason behind this is that Marcellus reserves lie in the underneath parts of Pennsylvania, West Virginia, Ohio and New York. And all these are quite ahead of what the government has estimated recently.

But according to another latest research, it is just the dominant grouping of resource, cost and location that has brought such a major change in the prices of natural gas and has drastically changed the market trends across the entire nation.

A report from Standard & Poor's that was released earlier this week revealed that the Marcellus is so huge that it could contain "almost half of the current proven natural gas reserves in the U. S".

But then at the same time, another report from ITG Investment Research, which is a worldwide financial firm based in New York, discovered this Marcellus well production report produced by federal government to be a grossly discreet one.


FrenchTribune Specials

Christiana Figuere surges for unity in climate talks

Christiana Figueres, the head of UN'S climate change agenda has urged the negotiators from member countries to show unity on talks and arrive on an agreement during talks in Bonn.

She urged the member nations to "build bridges" at talks in Bonn towards a new, global agreement that received the backing of world leaders recently. The...

Most Popular

Amount of exercise needed to burn a can of soda pop can keep teenagers away from

Alarming adolescents about the amount strolling or...

Saturn’s Mimas could be hiding subterranean ocean: study

Mimas, a small ice moon of Saturn that is often believed...

Family Dollar eyeing for Seats at Family Dollar

On Friday, Hedge fund Elliott Management Corp. stated...

Canada Bans Large-Scale Fishing in Swath of Beaufort Sea in Arctic

On Friday, Canada limited large-scale commercial fishing...

Poll

Can Greece Come out of Economic Problems: