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Page added on July 30, 2008

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Study: U.S. has up to 50% more natural gas than once thought

U.S. natural gas reserves are far more plentiful than previously estimated, says an industry study being released today

The industry says the findings should prod policymakers to provide incentives to wean the nation from $4 gasoline and move to compressed natural gas as a standard fuel in many cars and trucks.

“Everyone knows natural gas is clean and made in America,” says Aubrey McLendon, chairman and CEO of Chesapeake Energy, the largest natural gas producer. “The only question was is there enough to go around to run cars and trucks. This proves that there’s plenty of natural gas.”

USA Today

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