Replacement of Coal by Fracgas in the Production of Electric Power

15 Pages Posted: 28 Oct 2011

See all articles by Edward Hirs

Edward Hirs

University of Houston - Department of Economics; Yale Graduates Energy Study Group

Robert M. Ames

Yale Graduates Energy Study Group

Anthony Corridore

Yale Graduates Energy Study Group

Paul W. MacAvoy

Yale School of Management (Deceased); Yale University, Yale Graduates Energy Study Group (Deceased)

Date Written: October 26, 2011

Abstract

New well drilling technologies, when utilized to fracture common shale formations promise to provide access to very large volumes of gas. Indeed, the trade press and news media have generally taken the position that “fracgas” over the next decade can add up to 800 trillion cubic feet of reserves, four times the current level of reserves, almost equally spaced over the four quadrants of the country. But estimates of reserves are notably judgmental and with respect to new finds can be over optimistic.

Suggested Citation

Hirs, Edward and Ames, Robert M. and Corridore, Anthony and MacAvoy, Paul W., Replacement of Coal by Fracgas in the Production of Electric Power (October 26, 2011). USAEE Working Paper No. 11-090, Available at SSRN: https://ssrn.com/abstract=1949972 or http://dx.doi.org/10.2139/ssrn.1949972

Edward Hirs (Contact Author)

University of Houston - Department of Economics ( email )

Houston, TX 77204-5882
United States
713-961-9661 (Phone)

Yale Graduates Energy Study Group

New Haven, CT 06520
United States

Robert M. Ames

Yale Graduates Energy Study Group ( email )

New Haven, CT 06520
United States

Anthony Corridore

Yale Graduates Energy Study Group

New Haven, CT 06520
United States

Paul W. MacAvoy

Yale School of Management (Deceased)

Yale University, Yale Graduates Energy Study Group (Deceased)

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