Saturday, October 18, 2008
USGS Release: We have 3 to 4.3 Billion Barrels of Technically Recoverable Oil
I may have posted this before, but it's worth a reminder.
This is only one area. There are many other areas. Combined, they have to amount to something significant, and certainly would benefit Americans.
Drill, Baby, Drill!...
This is only one area. There are many other areas. Combined, they have to amount to something significant, and certainly would benefit Americans.
Drill, Baby, Drill!...
This was posted by David Ozman at USGS.gov back in April:
"North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency's 1995 estimate of 151 million barrels of oil.
Technically recoverable oil resources are those producible using currently available technology and industry practices. USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources."
