Well, definitely a lot less in recoverable natural gas than the gas billionaires were telling us just a few months ago. Their claim then was that there was that there were 827 trillion cubic feet of recoverable gas. This brought about a lot more drilling, which gave more accurate numbers for the supply. The Energy Information Administration’s 2012 estimate was down to 482 trillion cubic feet, a decrease of 40-odd percent. Some experts think it’s even less.
The most attractive source, the so-called Marcellus pool, which stretches from West Virginia to New York State and is a favorite of drillers because the product is available right next to the energy-greedy Northeast U.S., had its numbers reduced even more sharply, from 410 to 141 trillion cubic feet of gas, this a drop of more than 65 percent.