(Charlotte Observer) Fracking was originally billed as the golden key to unlocking a 40-year supply of natural gas and reversing North Carolina’s dependency on other states for energy. Proponents said it was the state’s ticket to an economic revival and newfound status as an energy supplier. Now with the state legislature poised to pass laws allowing fracking, estimates for North Carolina’s natural gas supplies are more modest: closer to an amount that’s equivalent to about five years of the state’s natural gas use. “There were wildly optimistic early predictions, I’ll say it that way,” said assistant state geologist Kenneth Taylor. “We started off with colleagues in energy companies telling us, ‘This is how much you have.’ ” The actual amount of natural gas in the state remains a mystery. Estimates are not part of the lengthy fracking report issued last month by the N.C. Department of Environment and Natural Resources.
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