One hopes that this latest find will finally put any remaining nails in the lid of the “peak” energy theories and encourage elected officials to get government out of the way so industry can develop this energy resource.
The USGS on Wednesday said the Mancos Shale, a rock formation that’s more than 4,000 feet thick in some areas, holds about 66 trillion cubic feet (Tcf) of natural gas that’s technically recoverable using current technologies, including horizontal drilling and hydraulic fracturing.
The article describing the Mancos Shale field notes that, at 66 Tcf, it contains 13 Tcf more than the Barnett Shale in Texas and enough gas to “meet the needs of the entire nation for more than two years.”
The reality is that this nation is awash in easily recoverable, affordable, and increasingly clean natural gas, coal, oil, and nuclear fuels.
It is well past time for elected officials to foster the development of these fuels so the U.S. can become an international source for energy. The jobs and wealth that could be created by developing, using and exporting these energy resources boggles the mind.