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Chu touts U.S. gas potential
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04/06/10 10:37 AM ET
Energy Secretary Steven Chu used a Washington, D.C. speech Tuesday to tout the potential of U.S. natural gas.
Chu told the Energy Information Administration conference that advancements in drilling technologies have increased reserves by at least 30 percent, and they probably have doubled, Bloomberg reports.
From their piece:
“That’s a big deal because it will be a transition fuel as we go to renewables,” Chu said. The reserves of natural gas that can be recovered from shale deposits using a drilling technique called hydraulic fracturing is “yet to be proven,” Chu said.
