He adds that the Marcellus Shale region is producing the equivalent of 2 million barrels of oil a day, which exceeds the oil production of many OPEC countries. The energy agency, meanwhile, says that 2,203 trillion cubic feet of shale gas here is technically recoverable — enough to last 92 years.
This is big news. If I may throw in something a bit negative though, and that is this: Is this the lowest cost possible for energy? If not, it may not develop as is anticipated.
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