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Another warning sign for supply emerged Monday: The U.S. Energy Information Administration cut its estimate for the amount of shale gas located in the U.S., saying it thinks there are about 480 trillion cubic feet of shale gas in the country, down from earlier estimates of 830 trillion cubic feet.
A reduction of estimates of the amount of gas in the Marcellus Shale formation was largely behind the revision. The formation stretches across Pennsylvania and New York
Another warning sign for supply emerged Monday: The U.S. Energy Information Administration cut its estimate for the amount of shale gas located in the U.S., saying it thinks there are about 480 trillion cubic feet of shale gas in the country, down from earlier estimates of 830 trillion cubic feet.
A reduction of estimates of the amount of gas in the Marcellus Shale formation was largely behind the revision. The formation stretches across Pennsylvania and New York