The U.S. has nearly three times as much recoverable natural gas as the government estimates, a Canadian analyst found.
The U.S. has 890 trillion cubic feet equivalent of recoverable natural gas, said the head of ITG Investment Technology Group, an energy research brokerage firm.
ITG also stated that the numbers will continue to grow, and could possibly move the U.S. up on the BP’s list of countries with the world’s largest gas reserves.
This could mean the price for natural gas, which has historically been 10 times cheaper than crude oil, could solve much of our country’s energy problems. Natural gas is clean burning, easily transportable, and much more affordable compared to coal and other fossil fuels.