Wednesday, December 01, 2010

Lost natural gas costs gov't $23M per year - FoxNews.com

Lost natural gas costs gov't $23M per year - FoxNews.com: "The government is losing tens of millions of dollars in potential royalties from energy companies that let immense volumes of natural gas escape into the atmosphere, congressional investigators said in a new report."

"The lost gas is equivalent to the annual greenhouse gas emissions of more than 3 million cars."

"Rusco said technology to capture the escaping gas is available and economical. He faulted the Interior Department for lax regulations on the issue and said the agency had greatly underestimated how much gas escapes from storage tanks and leaking equipment."

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