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Politics : Formerly About Advanced Micro Devices
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To: d[-_-]b who wrote (392527)6/19/2008 4:49:31 PM
From: tejek  Read Replies (1) of 1576346
 
The offshore areas of the United States are estimated to contain significant quantities of resources in yet-to-be-discovered fields. MMS estimates of oil and gas resources in undiscovered fields on the OCS (2006, mean estimates) total 86 billion barrels of oil and 420 trillion cubic feet of gas. These volumes represent about 60 percent of the oil and 40 percent of the natural gas resources estimated to be contained in remaining undiscovered fields in the United States.

Eric, its pie in the sky. First oil reserve estimates have been notoriously bad in the past, overestimating reserves, and secondly, where there is oil, often it can not be economically retrieved at even $130 per barrel. We have to play with the cards we have; not the cards we hope we have.
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