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Old 09-06-2009, 02:30 PM   #9 (permalink)
dc_dux
 
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Location: Washington DC
Quote:
Originally Posted by hunnychile View Post
The USGS estimate of 3.0 to 4.3 billion barrels of technically recoverable oil has a mean value of 3.65 billion barrels.
The US imports nearly 10 million barrels of oil/day = 3.65 billion barrels/year.

At best, these US fields could replace US oil imports for one year....most likely at a far higher cost than importing
(technically recoverable = expensive, in $$$s and potential environmental degradation.)

By comparison, the Sauid untapped oil fields are estimated to be in the range of 700+ billion barrels.
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Last edited by dc_dux; 09-06-2009 at 02:53 PM..
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