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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (106443)	8/4/2008 12:39:35 AM
From: captaintime	Read Replies (1) \| Respond to of 206089

See Aubrey McClendons CC notes for 245 Trillion Feet Recoverable in the Haynesville play at IV: investorvillage.com investorvillage.com J.

To: KyrosL who wrote (106443)	8/4/2008 6:32:37 AM
From: jrzy	Read Replies (1) \| Respond to of 206089

Written Testimony of Aubrey K. McClendon, Chairman and CEO of Chesapeake Energy Corporation and Chairman of the American Clean Skies Foundation, before The Select Committee on Energy Independence & Global Warming - July 30, 2008 excerpted from the Appendix to McClendon’s testimony... “•• The Navigant study focused on the biggest and fastest growing of these sources, shale gas. Here, supply has been growing exponentially as major new resources have been discovered and developed in the past few years. Production from these shales with names such as the Barnett, Haynesville, Fayetteville, Woodford and Marcellus - has increased from 1% of supply 10 years ago to almost 10% of supply today. • The Navigant study demonstrates that by 2018, shale gas alone will add enough new gas supply that we can accommodate the use of natural gas to displace 20% of all U.S. vehicle fuel with natural gas and to avoid ever having to build another coal-fired power plant. • How sustainable is this supply growth? The resource base supporting it is huge - originally estimated by the Potential Gas Committee and EIA in 2006 as 1.5 quadrillion cubic feet - about 80 years’ worth at then-current production levels. But the new Navigant study demonstrates that it’s almost 50% bigger - approximately 2.2 quadrillion cubic feet. That’s almost 120 years’ worth at last year's production levels. --” Study Finds Existing U.S. Natural Gas Supply Extends Into the 22nd Century (Click to Download Complete Study; Click to Download ACSF Chairman Aubrey McClendon's Testimony Before Congress Regarding the Study) cleanskies.org