Quote:
Originally Posted by hunnychile
The USGS estimate of 3.0 to 4.3 billion barrels of technically recoverable oil has a mean value of 3.65 billion barrels.
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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.