They're Giving Us Gas, All Right

Miller, James Nathan
February 1977
New Republic;2/12/77, Vol. 176 Issue 7, p15
Presents information on the natural gas shortage in the U.S., which might prompt the government to introduce a gas deregulation law. Discussion of the factors which demonstrate a shortage in deliveries of gas; Status of the country's gas reserves; Impact of the gas shortage on the status of the country; Report that there is an alleged shrinkage in the country's long-term underground reserves of gas; Claim that underground stocks of proven reserves have been declining at an alarming rate; Estimation of the industry's trade association, the American Gas Association (AGA) that there are 228-trillion cubic feet of proved reserves now in the ground, or about a 10-year supply at the present national consumption rate; Fact that proved estimates require a large amount of raw data-core samples, pressure readings and voltage measurements that can be obtained only by actual drilling into the gas pockets; Information on the Federal Trade Commission's five-year examination of AGA's estimating methods.


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